Silver markets remain quiet during Tuesday session

Silver markets have gone back and forth during the trading session on Tuesday, as we continue to find support underneath at the $16.35 level that extends down to the $16.30 level after that. I believe that the short-term pullbacks continue to offer value the people take advantage of, as we go back and forth. I would use stochastic oscillator, or some type of range bound system to buy and sell in this market as it seems to be reasonably well defined. Longer-term, I am very bullish, but I think that buying physical silver is probably the best way to go in that case. After all, at that point it becomes an investment.

I see a massive amount of support at the $16 level underneath, it would be very surprised if we managed to break down through there. I believe that Silver markets continue to be the domain of short-term traders, so using something like the 15 minute chart is probably the best way to go. I think that trading in this range should continue, because quite frankly I don’t see much in the way of a catalyst coming soon. That’s okay though, because this gives us an opportunity to profit in markets such as the futures markets, assuming that there is the necessary size attached to that count. Otherwise, pay attention to the CFD market as it could give you an opportunity. Overall, it will be noisy but could be profitable if you are willing to step back and take your time.

SILVER Video 06.06.18