Featured Commodity: Silver (Futures Fun Fridays)
Friday, May 13, 2022, 2:28:35 p.m. UTC
Futures Fun Fridays
Featured Commodity: Silver
Technical aspects: Silver is very close to one year lows. I think it is under performing in this commodity based environment. Plus I think US dollar is only strong because the rest of the world is weak. I think money will start to flow into silver and gold as people look for safety.
Is there Trade?:
Trade Idea: long silver futures
Enter trade into spreadsheet: YES
Overall Riskiness: Medium
Risk: Next support level is18
Reward: Major resistance is at 26
Duration: Medium. Exit before end of summer
Mechanics: long 10 Dec 22 (SIZ22) @ 21.04 @8.15 Am May 13-2022 SIZ22
Exit profit: 26; Might consider exit at 23
Exit Loss: 18
Links to articles:
Link to Chart: https://www.barchart.com/futures/quotes/SIZ22/overview
Links to Tracking spread sheet: https://insightag.shortcm.li/Futuresfriday
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