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Oct 13 2017

Silver forming bullish continuation pattern

Silver has followed Gold higher since last Friday's bear trap at the 16.50 level.  Technical picture looks very bullish.

Price has penetrated multiple downtrend lines from the recent 18.30 - 16.40 correction, and is currently coiling in a very tight formation. We can Enter Longs here with a 17.25 Put which will cost you 42cents. First Target Price is $18. Second stop is $18.50

So your R/R here is between 2-1 or 3-1 at mimimum.

Good Trading,

 

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