The silver market is stair-stepping higher primarily due to strength in other physical commodity markets and resilient equity markets. The trend is your friend. Also, the dollar has been weaker in recent sessions. In my view, any pullback, should be looked at as an opportunity to buy rather than sell. The problem with the bull market is that it needs a fresh set of news to keeps going. The more I see it; we will be looking at sideway markets for a while, tilting to the upside. If you want to discuss a trading opportunity for either hedging or speculating, reach out to me.  

Silver Aug ’21 Daily Chart
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Eli Tesfaye

Senior Market Strategist

Eli started his career in the futures and options market while he was in graduate school finishing up his MBA in 2003. Eli specializes in Automatic trading strategies and systematic options trading strategies in futures market. He has been Series 3 license holder since 2005. Eli's is an avid reader, runner, and yoga practitioner.

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