Silver Futures at the Crossroads

Silver Futures at the Crossroads

Silver Futures & Economic Reports 3.27.2015

March 26th, 2015 Filed under Commodity Trading, Future Trading News, Metal Futures | Comment (0)

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5. Futures Economic Reports for Friday March 27, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

Hello Traders,

I just wrote this one for yesterday and wanted to share with you.

Silver Futures at the Crossroads

After a long period of declining prices we finally saw a significant bounce on silver futures over these past couple of weeks. The question I ask myself is: Is this a good place to sell, is this just a bounce/short covering and the trend lower will resume?


Is this rally a beginning of a breakout to the upside and trend reversal?

Only time will provide the correct answer but until then I think the following two strategies are worth looking at:

1.  Sell futures right around the $17 level and place a stop on the short along with another stop to go long if market breaks above $17.30 (see chart below).
2.  Sell call option premium on rallies and sell put option premium on sell offs as we take the assumption that the market will be trading between $16 and $18 for the next few weeks. Selling premium is a dangerous strategy with unlimited risk.

As I don’t see any major changes in the fundamental picture for silver, I like to use the chart and technical studies in an attempt to come up with a good risk-reward trade.

Read the rest of this entry »

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