Monday, June 1, 2015

Silver Buy Recommendation June 1st 2015


Commodity: Silver
Timeframe: Hourly Chart (H1)
Recommendation: Buy Silver @ 16.60
Take Profit @ 17.15
Stop Loss @ 16.30


The global economy is slowing down and Silver has corrected down to a decent support level. I think the technical scenario, which in my opinion supports higher prices in precious metals, together with the fundamental outlook over the summer makes a bullish case for Silver and I have added it to my portfolio.

Those of you who have followed my Silver Sell Recommendation May 18th 2015 were able to profit from the sell-off together with me and those of you have missed it have a chance now to profit from the rally which I expect.

 PaxForex

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