On 24 May 12 we had informed our students and subscribers to buy XAGUSD (silver) at 28.40. Click here to view.
Reason is because:
1. Silver insiders have bought huge amount of silver contracts.
2. XAGUSD chart shows buy signal according to our technical methodology.
3. Silver is showing backwardation condition. This is a sign that Silver supply is extremely tight.
XAGUSD has a good rally of 18%. We do not know where is the peak but we are happy to take profit at this level.
Closed XAGUSD at 33.56, profit is 516 pips.
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BL, CEO of Tactical Trading Academy
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