Silver

I've been trading the silver instrument, because I think the spread is too big and not too volatile movements when compared to gold, and I prefer to trade gold from the silver, yesterday I saw a spike in silver pair

The silver has finally found bullish strength and is moving towards north with more force from last few days of the month, but need to see whether it a strong uptrend or not as from last two days it is trying to surpass the 32.40 value but unable to do it. So may be from here the bears may take up the metal again.

http://www.pictureshack.us/thumbs/9815_Silver.JPG

Silver 1H Time frame

Price Can't Break Resistance line at 32.75 , so i think it will go to middle line of the channel , we should go sell target at 32.46

silver frame 1 hour
silver drop about 60 point from 32.92 and now it is try to recover this drop and it is predicted to reach the last point and break this point good sign for buy

Silver managed to closed the week at 33.65 in nice gain, it may well hit 34-35 in couple of days now for long term i see no reason that silver should not head to test 50$ again, there may be sell offs and we may see some slips downs but those should be considered as fresh buying opportunity and no short selling above 26$.

Quote:

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Originally Posted by nirjon

some times silver is use a good alternative of Gold. but i think now we should trade with currency instead of silver if we have small invest.because, there spread is higher than currency and also many broker doesn't allow to trade in gold or silver in micro account.

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nahi jani app ne ghalat kaha ha k silver gold ka alternative ha ye sahi nahi ha kioun k main bhi forex trading main houn or mugh ko bhi pata ha k gld or silver trading main kafi farq ha or es main app ko low balnce se itna nuqsan nahi hota ha par gold main ap ko foran margin call a jaye gi

silver now chose by all people in the world.internet sight and out source sight forex is good.many company are not so good ,because they were earn money a lot of.

Here is my PENDING ORDER for SILVER/XAGUSD Sept 17, 2012

Please see
1. my BUY LIMIT ORDER (34.41). Target TP: 15 pips. SL : NA.
2. my BUY STOP ORDER (34.87). Target TP: 15 pips. SL : NA.

Total Lot Size for both PO : 1/5000 from current equity.

Monday silver began to draw strong resistance to fall ... with a maximum of 34.90 but the bottom Capacity also very good level of U.S. $ 34 which I think is not empty, just the price down .. so that the expected movement in the hallway almost $ 1 ... followed by a continuation of the trend ...

Spoiler:

http://sadpanda.us/images/1212545-R84ABW1.png

At the H4 chart below price is above 12 EMA and 72 EMA indicates momentum trend is still up
Position RSI 50 no diataslevel 50 indicates the trend is still up
Recommendation: buy
Range: 34.93-33.36