A daily close above 41.20 dampens any bearish view when it comes to silver, but short opportunities may exist should price reach the Bollinger band on the weekly chart, which currently sits 43.20. The weekly Bollinger remains closed suggesting stops can be kept reasonably tight. Conservative traders may consider taking profit early on half or more of their units, leaving remaining units open after moving stoploss to break-even.
Price of silver at time of posting is 41.741.
This is not a recommendation to buy or sell. Trading foreign currencies carries considerable risk. To learn more about how to trade see th e Start Here or Learn Forex section. For specific buy and sell recommendations, seek the advice of a certified professional. Click on the Trade Ideas section for some of the options available to you.
