Long Silver (short-term) because it is oversold just like GC

As with GC, SI is now oversold. While I still think that longer-term it will still be down, I think the risk-reward is now better on the long side.

Kommentar:

SI has entered a resistance zone (see last up wave of wave D). It could continue to travel upwards to around 16.425/35 (see last up waves of wave (5) and wave (B)).

Trade geschlossen: Ziel wurde erreicht:

Silver has hit target. I suggest reducing position or shifting your stops up.