SILVER – Double Trade – 17th March 2020

SILVER – Double Trade – 17th March 2020 (Closed)

Good morning Forex Kings,

A VERY exciting opportunity is coming up looking at SILVER.

The metal is approaching a key support zone seen going into the 08 financial crisis. All precious metals suffered large losses leading up to the financial crisis, this could be due to investors taking money out to support stock positions after an initial rally.

Following a sell off all precious metals enjoyed a large rally over the following years!

We are now seeing something similar, all metals have taken large losses.

However SILVER looks like the best opportunity for a long hold.

SILVER Monthly Charts

Trade Setup 1: BUY LIMIT Entry Price – 10.50, stop loss 7.50 and take profit left open to run

Trade Setup 2: BUY LIMIT Entry Price – 9.00, stop loss 7.50 and take profit left open to run

Please check the specification when trading Silver. The contact size may vary when you trade with a different provider.

Trade Setup
BUY LIMIT

Entry
10.50

Take Profit
16.00

Stop Loss
7.50