Silver Forecast: Is it the last fall?

XAG/USD 22nd, May 2015

Silver bounced to 17.77 (as I expected in this expectation) and it fell again to 16.93.

This is the area of relaxation for silver and it seems that we will stay for within this range for 2 days or so. Buying silver around 16 to 16.50 seems to be a chance so, take the chance and buy around this range and keep it for long term.

Selling silver these days is not safe decision so, I prefer to wait for a while before doing so.

The Silver (XAG/USD) has the following major resistance and support levels:

  • RESISTANCE: 19
  • SUPPORT: 15

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (30 pips stop loss applied):

  • Buy: at 16.50 – Take profit 17.50 (100 pips profits)
  • Buy: at 16 – Take profit 17.50 (150 pips profits)

This review is valid during trading week: 25th-29th May, 2015

2 thoughts to “Silver Forecast: Is it the last fall?”

  1. Hi Karim el Bawab,
    Sorry for late reply. Yes I am copying you but in order to keep remain open positions of total at least 0.10 at a time how much equity required ? I trust you but a little worry for margin call. I know you have a approach to close your most positions in profit. I do like your this trading style. If I judged you even little wrong then clarify please.
    Many thanks.

    1. As I said before, Keep your margin level above 100%. I can not calculate it from the position size. But, if you are using 1:200 leverage, you will need 50$ to open 0.10 position and 50$ extra for EVERY 50 pips move against you and you will get 50$ for every 50 pips profits. You are welcome any time

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