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Video / 14 December 2017 at 8:47 GMT

Why I’m buying silver: O'Hare

Steve O'Hare - First 4 Trading
Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is trading silver (XAGUSD).

This trade idea sees O'Hare buying at current levels of $16.00. His target is towards $17.00 and the stop at $15.50.

O'Hare’s technical analysis of a selected trade is featured every Thursday on Trading Floor.

14 December
alki alki
Hi Seve! Thanks for sharing the idea. I see resistance in gold spot near 1268. Are you still bearish in gold? Maybe some rally selling around that level? Your thoughts?
14 December
Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
Hi Alki, yes i agree with your sentiment. We caught the reversal yesterday and are again targeting a rally today. Overall i am mildly bearish on the medium term and see this move as a natural correction
14 December
DudetteUK DudetteUK
Good morning Steve. What is your timeframe on the Silver trade please? One week?
14 December
Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
Yes only short term
14 December
DudetteUK DudetteUK
Thank you
14 December
Олег Комбаев Олег Комбаев
Steve, are you still positive?
14 December
jcsousa jcsousa
What's the reason for such bearish reaction?
14 December
Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
Yes, i am positive - stop is at $15.50
14 December
Andrew Perkins Andrew Perkins
Hi Steve entered at the market and again on the dip last night day afternoon still don't know what day of the week it is LOL
17 December
TradingCent TradingCent
silver tg 17 done !!!
17 December
jcsousa jcsousa
???
18 December
Andrew Perkins Andrew Perkins
Thanks for your advice Steve and may it continue into next year .look forward to meeting again happy Christmas and New year

Andy
19 December
Олег Комбаев Олег Комбаев
Steve, UST10 is growing, are you still positive?
25 December
dollar bill dollar bill
every time Steve comes up with something, i know there is money to be made. Thanks for the great work.

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