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Silver Prices Higher 4th Day In A Row

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Silver Futures---Silver futures in the March contract is trading higher for the 4th consecutive session up another $0.06 at 18.24 an ounce hitting a 3 1/2 month high continuing its bullish momentum as major concerns about a possible conflict with the country of Iran continues to push prices higher in the short-term.

I have been recommending a bullish position from around the 17.45 level and if you took that trade continue to place the stop loss under the 10-day low which stands at 17.23, however in tomorrows trade that will be raised 17.42 as the chart structural will turn outstanding.

I was also recommending a bullish gold trade while offsetting that position on Sunday night around the 1,580 level as I'm keeping a close eye on that market as well with a possible re-entry once the price gap is filled as the precious metals are bullish across-the-board. Silver prices are trading above their 20 and 100 day moving average as the trend clearly is to the upside with the next major level of resistance at 18.55 & if that is broken I think prices could head up to the $20 level as I see no reason to be short.




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




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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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