Wednesday, June 24, 2015

Silver Buy Recommendation June 25th 2015

Commodity: Silver
Timeframe: Hourly Chart (H4)
Recommendation: Buy Silver @ 15.85
Take Profit @ 17.15
Stop Loss @ 15.30

Silver has continued to drop and I adjusted the stop loss on my previous Silver Buy Recommendation June 1st 2015 from 16.30 to 15.30. The reason for this was that I believe we have seen the worst of the selling and I added to that long position with another buy at 15.85.

I think there is plenty of upside in this precious metal and will seek to add to my Silver holdings should we see another leg lower. I am eyeing the 15.35 as another buy entry level and could move my SL again depending on financial developments.

 PaxForex

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