Wednesday, January 27, 2010

Silver is shinning !!!

 

Hey all, my first possible trade in Silver which seem to be shinning like anything at the moment. The pattern seem quite bullish and it can go all the way to touch 19 against USD

Here is the trade idea:

Long around: 16.50-16.75

Stop: 16.35

Book profit: 19.15-19.50

silver

Update: As expected it retraced from the Asian session’s highs to near my entry level. I have a limit order waiting at 16.50 and it should get filled in. It’s relatively a mid term call may be a month or so.

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