Cycle tops this week and we took our profits at 20.5 - I don't expect much more upside for now. Short term cycle is down and we will go long again at a better price, below 20. We switch from the September contract and will trade the December futures from now on. I do not recommend to trade silver short - it is a very risky venture, no ideas will be given regarding this option.
Long term cycle is up until 2028. What we can do now? Use the profit to accumulate a surplus using non-leveraged instruments - either the physical metal or an ETF, I recommend the Swiss ZKB silver fund. In the short term there could be a small loss, but it is for a long term investment. If this doesn't suit you - store cash separate from your account. It is very important to accumulate a surplus in my opinion.
For now we stand aside - once there is an opportunity I will update you.
Have a good week and mood!
*Please do remember that futures trading involves a substantial risk of loss and is not suitable for all investors.
Long term cycle is up until 2028. What we can do now? Use the profit to accumulate a surplus using non-leveraged instruments - either the physical metal or an ETF, I recommend the Swiss ZKB silver fund. In the short term there could be a small loss, but it is for a long term investment. If this doesn't suit you - store cash separate from your account. It is very important to accumulate a surplus in my opinion.
For now we stand aside - once there is an opportunity I will update you.
Have a good week and mood!
*Please do remember that futures trading involves a substantial risk of loss and is not suitable for all investors.
