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I Am Bullish Silver Prices


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Silver Futures---Silver futures in the July contract are trading higher for the 2nd consecutive session up $0.10 at 14.93 as I'm am now recommending a bullish position while placing the stop loss under the contract low of 14.26 which was hit on May 28th as an exit strategy as the risk is around $3,400 or $1,400 on 2 mini contracts plus slippage and commission.

At the present time I have a bullish palladium trade which continues to surge on a daily basis while also having a bearish copper position which looks like we might be exiting that today as most of the commodity markets are higher due to the fact that China and the United States are starting to talk on trade once again.

In my opinion I believe the risk/reward is in your favor, but for the bullish momentum to continue we have to break the June 7th high of 15.15 as I think there's significant room to run to the upside as gold prices have also broken out.

Silver futures are trading above their 20 day but slightly below their 100 day moving average which stands at major resistance around the 15.25 level as the U.S interest rates continue to drop on a daily basis as that is a bullish fundamental factor towards the precious metals so look to be a buyer of this commodity.

TREND: ----HIGHER

CHART STRUCTURE: SOLID

VOLATILITY: LOW


If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

TWITTER---@seeryfutures

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Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.



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About the author


Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
 
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
 
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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