We published a long asymmetric risk/reward trade idea for Silver on November 15th, 2018. The nearest silver future was trading slightly below $14 back then. The setup was motivated by the prevailing market sentiment in combination with a technical pattern. It showed a 3% risk for a large double-digit potential gain. Silver rallied above $16 within the next couple of months.
Again, the behavioural market picture in combination with a chart pattern changed our bullish outlook on the precious metal. We concluded on January 30th 2019 that “The most sizable correction in silver is most likely to unfold within the next few weeks.” The forecast proved correct again. Silver lost 12% over the course of the next four months.