Big, big bearish setup on a Weekly chart of Silver projecting a target of 9$ per ounce over the coming months. Great opportunity to accumulate Silver bullion as the price steadily falls over the upcoming months while holding a short position on an CFD/futures contract.
As a trading opportunity it gives you a R/R ratio of about 21/1
Sell @ 16.159 Stop Loss @ 16.523 Take Profit @ 9.062
Trade safe. Trade smart.