XAGUSD: Updated 'Time at Mode' Analysis

31 oct 2016

Silver has traced a bullish uptrend signal here, we're already long as per previous publications, and also long miners. We look for a rally to emerge from here and reach our target zone close to 19-20 in the coming weeks. If not long you may jump in now, risking a drop under 17.52 or 17.345. You can also add to longs as long as reaching a total risk of 1%-2% between all positions.

Good luck!

Ivan Labrie.

1 nov 2016

Nota

Good progress, let's see if silver can break the resistance above.

1 nov 2016

Nota

We will trail stops up gradually, move all silver stops to 17.521.

1 nov 2016

Nota

Time at mode target in the daily was hit, we could see a retracement here, unless the rally really has legs. You can either trail stops up to entry, and close half/75%, or only move the stop up and wait for more upside.

2 nov 2016

Nota

If we get a dip you can add more longs with a tight stop. Keep an eye on it.

2 nov 2016

Nota

I'm booking longs here for now, taking my chances, if we get a dip I might buy again, for now I'm flat. Last: 18.48

2 nov 2016

Operación cerrada manualmente

3 nov 2016

Nota

It went to 18.72 after my exit at 18.48 but now is way lower.

Ours was a safe exit in XAGUSD

We'll monitor the weekly close after this, and determine if we want to reenter or not.

It'll be really safe only once we break above the resistance above the recent highs with confidence.