Are Silver Prices Going Higher

[Scorpio]

Are Silver Prices Going Higher
Saturday, February 20, 2016

by Michael Seery of Seery Futures

Silver Futures--- Silver futures in the March contract settled last Friday in New York at 15.79 an ounce while currently trading at 15.47 down about $.30 in a highly volatile trading week with large swings on a daily basis as I have been recommending a bullish position from around 14.80 and if you took that trade continue to place your stop loss below the 10 day low which now stands at 14.90 a chart structure has improved tremendously over the last several days. The next major level of resistance in silver is around the $16 level as we will have to roll out of the March contract into the May contract early next week due to expiration as I will give the new stop loss in that blog as well.

Silver prices are trading above their 20 and 100 day moving average telling you that the short-term trend is to the upside as money flows continue to go back into the precious metals for the first time in several years as the precious metals have fallen tremendously from their highs just hit in the year 2011.

In my opinion the U.S dollar has topped out which is bullish the precious metals so stay long this market while placing the proper stop loss as volatility has certainly come back into this market which is generally a bullish indicator. TREND: HIGHER-–CHART STRUCTURE: IMPROVING

If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-312-224-8140 he will be more than happy to help you with your trading or visit www.seeryfutures.com Skype Address: mike.seery3 TWITTER---@seeryfutures

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http://insidefutures.com/article/1666552/Are Silver Prices Going Higher.html

 

[southfork]

Wouldn't know it by todays action

 

[the_shootist]

Wouldn't know it by todays action

The PM price explosion is always just around the corner

 

[axstone]

Wouldn't know it by todays action

Not bad recovery though.. showing good strength..

 

[GOLD DUCK]

QWAK,Of corce SILVER prices will go up in $$$ ---- TPTB have created trillions of new ciber dollars and will/must create more!

The real question is not or should not be how many more $$$ but rather will SILVER be perceived as of greater value by more people! HUMmmmmmmmmmmmm

the DUCK

 

[TAEZZAR]

The PM price explosion is always just around the corner

IDK, but I have seen, over the years, PM's peak nicely, then fall like a rock. Something like Pattie's pantie's at the company picnic !

 

[Weatherman]

QWAK,Of corce SILVER prices will go up in $$$ ---- TPTB have created trillions of new ciber dollars and will/must create more!

The real question is not or should not be how many more $$$ but rather will SILVER be perceived as of greater value by more people! HUMmmmmmmmmmmmm

the DUCK

I agree that up (priced in US$) is inevitable. The other key question is When will the price of silver rise substantially? If someone told me in 2011 that the banksters could hold silver down for 4 years, I would have suggested that person should book a long stay in a room with rubber walls at the funny farm. I sure do hope the banksters will lose control before another 4 years goes by.