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Video / 18 March 2016 at 7:47 GMT

Why I'm buying silver now: Clive Lambert

Clive Lambert - FuturesTechs
According to FuturesTechs' Clive Lambert, silver has seen a strong session and has broken above a long-term downtrend line.  

Clive Lambert is looking to buy silver May '16 contract at USD 16.00 with a stop at USD 15.75. His targets are USD 16.37, 17.17 and 17.75.
Shamnighty Shamnighty
Morning Clive,

What are the timeframes for these targets?

Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
2 weeks to a month for the second and third targets.
Legendoski Legendoski
Are you watching sugar too?
M ercataurus M ercataurus
I think Short Silver now Stop 16,15 and TGT I 14,60 TGT II 13,60.
M ercataurus M ercataurus
i think the break out is a fake! and a double Top i more likely
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
15.75-85 is a key area that will decide which way this one jumps next. I'm happy with my trade despite being small offside right now. Reward/risk is good etc etc....
parwal parwal
Is it worth getting in Silver now at 15.23 ?
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
Not according to my charts, no. We have risk of a deeper setback if 15.16 breaks (targeting 14.66 initially). As you can see from this chart we're currently below the rising trendline... We would need a close above 15.31-32 today to "rescue" this...


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