SILVER TRADE ALERT (3:00 pm EDST)
Silver has now hit our price target for a bottom ($23.75), and prices made a new weekly low today without gold which gives us an intermarket bullish divergence signal. Prices are also closing near the top of today's range (another bullish signal). This looks like a good spot to buy. We will keep a tight stop loss on this trade as silver can be quite volatile. We don't want to see prices closing below $23. Entering a long position in silver today. (Still holding our long position in gold).
Silver has now hit our price target for a bottom ($23.75), and prices made a new weekly low today without gold which gives us an intermarket bullish divergence signal. Prices are also closing near the top of today's range (another bullish signal). This looks like a good spot to buy. We will keep a tight stop loss on this trade as silver can be quite volatile. We don't want to see prices closing below $23. Entering a long position in silver today. (Still holding our long position in gold).
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