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« Silver Shorts: to jet propel silver prices! | Main | Silver: Looking for a higher High! »

Silver Prices Soar: Our Silver Trade Closes, 100% Profit in 30 Days

On the 20th August we signalled to all our readers of The Silver Prices Newsletter that there was a short term trading opportunity in silver as silver prices had fallen considerably and it appeared like a great buying opportunity for us.

Silver Prices Soar: Our Silver Trade Closes, 100% Profit in 30 Days

Just moments ago, the silver futures prices moved up to where we had placed a sell order at $13.15/ounce on silver futures contracts for December. This means our silver trade has closed with 100% profit in 30 days, a trade with are extremely pleased with.

Below is a chart that we placed on our original article when we signalled a BUY on silver on August 20th:

A Trading Opportunity in Silver: BUY

In that article we said:

“We have placed a financial spreadbet on the December 2007 contracts for silver, on the London market, at the futures price of $12.15/ounce. We have a stop at $11.15 and a limit at $13.15. Therefore if silver falls one dollar, we are automatically stopped out and lose all our capital that was invested in this bet. If silver prices rise one dollar, we will double the capital invested in the trade.”

This silver chart is from an article we wrote on the 28th August, when our silver trade was going on course as we had predicted.

Silver Prices Recovering After Drop and Our BUY Signal

Regular readers of The Silver Prices Newsletter will know that we also called a BUY on silver for an upwards move of 50 cents in the spot price on the 1st July. The silver market fulfilled our prediction in just 11 days on that trade and although this trade has taken 30 days, this is still a remarkable return in such a short space of time.

As for when the next trading opportunity will come, that remains to be seen. We shall watch this run in precious metals closely and we make look to make another trade after the next correction or pullback, but we will decide that nearer the time. You can stay updated on our silver trading signals and articles by subscribings to The FREE Silver Prices Newsletter and by doing this you can take advantage of opportunities such as the one we have just closed for a 100% profit in 30 days.

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Reader Comments (2)

You are part of the problem, seeking to make money by not lifting a finger and not contributing to the growth of the economy in any way.

October 1, 2008 | Unregistered CommenterMark


So why do you bother to read and comment on this site?

October 1, 2008 | Unregistered CommenterSilver Prices

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