Day Trading Silver

Day Trading Silver, Using SI 03-13

[caption id="attachment_6170" align="alignright" width="150"] Silver Chart[/caption] Hi Traders. On my last Gold post, I make a "call" short and of course Silver will follow Gold. Is less clear on silver daily chart and weekly, but we still can see few signal why silver should go short. First notice, we are under 200MA and 50MA (they are at the same level). Last Fridays, we touch are lower blue trend line, buyers try to push Silver price back to the 200MA, but by the end of the day, Sellers bring back buyers price back down, and close at they level , Sellers price. For Monday watch if we close under blue trend line, if yes, we will go to my next targets. I have one tricky target, is one good support for buyers and depend how long it will take to go to this support, it will depend also on the price to sell my 2nd target. Looking for  a small consolidation there. If Sellers close successfully under my blue trend line, silver price should go back at 29.810 on daily, and on weekly (mid-term , about 26$. I will update my chart, once we get to my 3rd target.)

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