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Today's Scenario:
Silver resumed its downtrend with bounce ending in the 28.56-29 zone as mentioned in the daily updates we didn't see any extension of the bounce,thereby reversing sharply from 28.47 itself facing resistance from the trend line as well.The support for the day lies at 26.20-25.85.Resistance at 27.87-28.20.I just wanted to share a nice trade idea with the readers,Traders can short silver at 27.50 or higher with a stop at 28.88.But please analyse the risks involved with your business adviser or broker before participation,and the author wont be responsible for any losses incurred, an all time winner trading system is hypothetical,this tip is just expressed in good faith but there is no guarantee.
Have a great trading day ahead.
Silver resumed its downtrend with bounce ending in the 28.56-29 zone as mentioned in the daily updates we didn't see any extension of the bounce,thereby reversing sharply from 28.47 itself facing resistance from the trend line as well.The support for the day lies at 26.20-25.85.Resistance at 27.87-28.20.I just wanted to share a nice trade idea with the readers,Traders can short silver at 27.50 or higher with a stop at 28.88.But please analyse the risks involved with your business adviser or broker before participation,and the author wont be responsible for any losses incurred, an all time winner trading system is hypothetical,this tip is just expressed in good faith but there is no guarantee.
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