Silver — Pockets full of Profits?

Silver the ancient currency.   Not as expensive as Gold and not as widely traded it is still used as a currency by many people — in fact even in the state of Utah in the United States legal tender to use!   It has been used for more that 2500 years.

Silver is not as pricey as gold — it is averaging right now around $17.00 an ounce.

Investors can use this in the physical form as a guard against inflation or devaluation.  This attractiveness means potential for profits for commodities investors.   Let’s look at the daily chart shown here:

 

 

Investors would assume a bearish path and thus would likely play the market accordingly.   Here however is the minute chart.

 

 

There was a great investment opportunity at around 19:40-19:54 – 14 minutes with a great potential of profit-taking on a short due to bearish path.   Yet, if you maintained the investment until 20:00 the profits would have been absorbed.   Now it appears on a minute-by-minute bullish trend — support at 16.975 with a resistance at 17.020.  Watch the charts carefully – and you could maximize quick profits.

Use your modelling platform and the charts to best maximize your earnings in the minimal time!