Silver (DEC)
It might be a little early, but it seems that Silver bottomed.
We suggest a long position with a buy stop at 22.90.
First upside target 25.20.
Yesterday we discussed Gold on our chart of the day.
It continued to crush during the day and the low so far on DEC Gold was 1798.
We expect to see a bounce towards 1900 in the near-term, but there is also a short-term downside target of 1789.
How can you make use of this information?
Let us explain: It really depends on the way you trade how to go into this trade.
You can either go long at the market with a sell stop at 1789.
The alternative is to wait to see if Gold reaches 1789 and then hit the buy button.
However, Gold might have bottomed already and then you might miss part of the bounce.
We add that Gold (DEC) confirms higher targets on an intraday close above 1832.
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Silver Nov 25 2020
