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A Year For Accumulation Report

Is Silver Volatility Creating Opportunity?

Mike Maroney


For more information please get in touch with a Monex Account Representative at 1-800-444-8317.


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Learn why 2019 is the year for accumulation in our new report written by widely-recognized financial market analyst, author, and Managing Partner of CPM group, Jeffrey Christian. This insightful report will provide you with informative facts, statistics, charts, and more details that explain why investors should begin to think about accumulating precious metals in 2019. Monex offers this report completely free of charge in an effort to keep our customers and prospective customers informed about the events occurring within the precious metals market. Claim your free report now with a quick, easy phone call to a Monex Account Representative. Call now: 1-800-444-8317.

IMPORTANT NOTE: The information presented in these video clips is solely a highlight of the opinion of a third-party and is incomplete. Please visit the website and/or subscribe to the publication for the full and timely opinion of the individual and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

Video Transcript

Mike Maroney: Good afternoon! It's Wednesday, October 31st. My name is Mike Maroney and I'm coming to you today from the Monex Precious Metals Studio. Today, we're going to talk about silver in our Silver Centric video series.

Last week, silver banged up against key resistance, right at that $14.85, $14.90 area. Interestingly enough, for you technical traders, you would have seen a potential inverse head and shoulder bottom forming and if silver had broken through $14.90, we could have seen a tremendous rally to the upside. Now, interestingly enough, many traders took profits in that area that bought it much lower with the idea that... one, they would buy it back on a dip or two, they could buy the break out if it did achieve the break out above $14.90. Why I'm talking about this today is silver has extreme volatility and what it does is it creates short-term opportunities that many precious metals traders try to take advantage of. One of the things that we do here at Monex is... we try to educate you on these types of opportunities, if you are that speculative individual that likes silver and likes to potentially trade. Now, look at what's happened. Silver has pulled all the way back down to $14.20-- $14.08 is the lowest close we've seen this decade, as far as the daily close is concerned. So, it wouldn't be unusual for those same traders that sold it in the 75 to 80 range that would have bought it back if it broke out above 90 to buy silver back in the low $14's to try to see that trade once again. But, if you're interested in learning about how to trade silver, what signals to potentially look for, and to be educated on the volatility and the potential profitability, please, give us a call here at Monex. So, we could help you find out if silver trading is right for you. Thank you.