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I Remain Bullish Silver Prices


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Silver Futures---Silver futures in the September contract experienced one of its wildest trading sessions I can remember yesterday as the trading range was $0.98 as prices traded as high as 17.49 before selling off all the way down to the 16.51 while then settling right near $17 an ounce as the volatility is going to be crazy in the coming months ahead.

At the present time silver prices are up another 24 cents at 17.22 as I have been recommending a bullish position over the last couple of months from the 14.93 level and if you took that trade continue to place the stop loss on a closing basis only at the 16.08 level, however the chart structure will improve in next week's trade therefor the monetary risk will be reduced.

Gold prices are up another $12 in today's trade as silver and gold are by far the strongest precious metals at this time as the Dow Jones Industrial Average is down over 400 points sending money flows back into silver as I still think prices trade at the $20 level in the coming months ahead.

The 2-year note is now trading above the 10-year note as that is spooking investors and if that situation continues look for higher silver prices as historically prices look cheap so continue to place the proper stop loss as I want to give this trade some room.

TREND: HIGHER

CHART STRUCTURE: IMPROVING

VOLATILITY: HIGH

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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