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Silver Prices Look Cheap


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Silver Futures---Silver futures in the September contract is currently trading at 15.22 an ounce after settling last Friday in New York at 15.00 higher by about 22 cents continuing its bullish momentum.Volatility is very low as the rest of the precious metals sector is having tremendous price swings on a daily basis as I am very surprised that silver hasn't joined the party, but I think it will and if your patient enough I still think higher prices are ahead.

I have been recommending a bullish position from around the 14.93 level and if you took the trade I'm going to continue to keep the stop at 14.70 as we need to give this trade some room. Silver prices are trading right at their 20 and 100 day moving average, however for the bullish momentum to continue we have to break the June 21st high of 15.62 as that could happen on any given day especially if the volatility increases.

At the present time I also have bullish recommendations in platinum, palladium, and copper, as demand has come back into this sector as the commodity markets have bottomed out my opinion as most of my recommendations have been to the long side which is the path of least resistance.

TREND: ---HIGHER---MIXED

CHART STRUCTURE: EXCELLENT

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

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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