Silver struggles to advance higher and hold as the Fed is signaling that they will taper off. The timetable is not very clear, but enough news to keep the bulls on edge. In the wake of a weaker dollar, silver is struggling to maintain any gain.  The technicals still hold positive, but further chart damage could hurt the bull’s chance of having gains. Other commodities are cooling off a bit this week in the form of correction. Overall, the trend is your friend; unless silver trades below $25.00, there is a good chance that weakness will be bought rather than sold.  

If you want to trade these markets either using futures or options, please let me know.

Silver 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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