CFD Trading – Buy iShares Silver T (SLV.NYS) @ $25.05. Stop @ $23.50 and Target @ $27.95.

ISHARES SILVER T Stock Code SLV.NYS

Outlook
Price broke above the cloud two days ago, which could be a sign of a change from a bearish trend to a bullish trend. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD is bullish with both lines above the zero line and rising, hinting of a bullish price trend ahead. We think price is likely to move higher to the previous high of $28 again with the next 2-3 weeks.

Strategy                  
$25.05                Buy
$27.95                Price Target
$23.50                Risk Management Stop
3 weeks              Trade Duration

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