Silver big breakout point is right around the corner - Trade of the week
Bulletproof Traders in-house trading activities present our current outlook on the Silver. We strive to discover the forex strategies that work. In our Trade of the week series, we talk about Silver. Is the Silver big breakout point right around the corner?
Up until a couple of weeks ago, we were still having bearish feelings about the next big move in the Silver. However, after the quick bounce back to the big key level of $27.90 could be a strong indication that the Silver is back on the upside, big time.
The powerful resistance of $27.90 will provide a significant testing ground for the foreseeable future. We strongly suspect that the price of Silver is well on its way towards the next big resistance at $34.90
Considering the fact that the closely related Gold had already passed its all time high from 2011, we should expect that the Silver will do the same and catch up with its own old time high that was determined at that very same year around the levels of $49.50.
* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using science based approach to master the art of trading.
My name is Roy Levine, and I'm the co-founder and head of trading at Bulletproof Traders. We are helping traders from all over the world to become full-time traders and reach their financial goals. If you want to learn how to turn your trading into a profitable business, then you landed in the right place. You can learn trading secrets, trading strategies that work, improve your trading performance, and become a successful Forex Trader.
We understand what’s needed to be done in order to break through the hardship of this financial journey while saving you a great deal of time and money. Eventually, our goal is to show you how to dominate chart analysis to the point of producing outstandingly accurate forecasts and price predictions.
Most importantly, we will show you how to become a successful Forex trader with a proven track record and systematic approach.
Join us and learn how to make money in Forex trading, learning the best trading techniques and trading secrets.