Forex Marketz Daily Forex News – Fully Markets Update
Silver is mirroring Gold at the present time. We see it reaching new depths not seen since before 2010. For traders this is another lifetime! It we look at the weekly chart below we see the clear bearish pattern with the consistent negative bulls. Traders could expect even more depths to be reached as the metals are all down.
On the thirty minute chart we can see a slight flattening of the same bearish pattern. Traders should be cautious on the levelling that could occur at any time.
Silver, by its nature is less risky than Gold and therefore even with the potential level and neutral stance there are optimum opportunities to margin this position.
Traders should refer to the minute chart, as shown below to position their strike position. The position could be leveraged to the maximum margin for potential high profits.
