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Silver

Silver

by The MoleDecember 26, 2013

Activity here on Evil Speculator will be pretty muted this week as most of you guys are probably out there hitting the slopes (without the hopes). A ton of gapping action on the FX side so I’m not going to touch that one for now. Silver is looking interesting as it responded pretty wildly to the initial claims announcement earlier this hour:

IF it’ll reverse this candle then IMNSHO it’ll do it right here. We’ve hit a pretty pronounced falling diagonal and I’ll risk a small short with a stop above. Absolutely would take a breach higher into a long trade – actually this is what I hope it’ll do as the recent activity suggests a floor pattern.

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Cheers,

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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