Silver and Gold Break Out: Expanding Your Trading Horizons

by Ilan Levy-Mayer, VP

Silver and Gold Break Out: Expanding Your Trading Horizons

silver

Silver and gold have recently hit fresh highs, reminding traders that opportunities (and risks) extend beyond traditional benchmarks like the S&P 500 and Nasdaq Composite. These precious metals are reacting to macroeconomic shifts, inflationary pressures, and central bank policies, making them ideal candidates for diversification. Their continued momentum highlights that alternative markets are alive, well, and deserving of your attention.

Trading Strategies for Precious Metals, Gold & Silver

For traders accustomed to day trading equities, silver and gold move to a different beat. Consider these approaches:

Swing trading with technical indicators such as moving averages, RSI (Relative Strength Index), and Fibonacci retracements.
Breakout setups from consolidation zones or range-bound patterns to capture high-probability entries.
Trend-continuation patterns that let you ride sustained moves.
Options strategies—buying call options or options spreads on GC and SI—for leveraged exposure with defined risk.
Position trading over multi-week or multi-month horizons, driven by broader macro themes.

More Than Just Day Trading

The recent metals rally is a strong reminder that trading isn’t only about speed—it’s about choosing the right strategy. Whether you want to hedge existing positions, diversify your portfolio, or explore fresh setups, silver and gold offer compelling alternatives. At Cannon Trading, we encourage you to broaden your scope beyond tech stocks and futures scalps—sometimes, the real shine is in the metals.

Even if you are primarily a day trader, both gold and silver trade good volume on daily basis, enough for you to test and see if your day trading strategy translates well with the metals.

Contact our trading desk today to learn how we can help you integrate silver and gold into your strategies.

Nov. Soybeans

November beans satisfied the second downside PriceCount objective to the $10.19 area. It would be normal for the chart to react from this level with a near-term reaction in the form of a consolidation trade. If we can sustain further weakness, the third count would project a deeper slide to the $9.83 area, consistent with a test of the August low and extended uptrend.

The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors.

Past performance of actual trades or strategies is not necessarily indicative of future results.

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.