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Silver Prices Near 4 Month High


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Silver Futures---Silver futures in the September contract is trading higher for the 3rd consecutive session up another $0.33 at 15.70 an ounce right at major resistance. I have been recommending a bullish position from the 14.93 level & if you took that trade continue to place the stop loss at 14.70 as an exit strategy, however in next weeks trade I will raise that stop significantly therefor the monetary will be reduced.

Silver prices are now trading above their 20 & 100 day moving average as the trend clearly is to the upside as I still think prices look very cheap especially compared to gold. If the 15.75 level is broken I think we will retest the January 20th high of 16.47 as I still think there is significant room run to the upside so stay long as I will be looking at adding more contracts in the coming days ahead.

At the present time I have bullish recommendations in copper, platinum, and palladium as the entire sector is bullish in my opinion as letting winners run while cutting losers quickly is the way to trade over the course of time so continue to place the proper stop loss as who knows how high prices can go.

TREND: HIGHER

CHART STRUCTURE: IMPROVING

VOLATILITY: AVERAGE

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

FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER

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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