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SELL NOW Silver (XAG/USD)

Gold and silver can hold their ground despite the continuing rise in treasury yields. The reason for this is that the stock market is currently still looking for further impetus and a growing number of investors are assuming a strong correction at the stock markets (I still see upside potential in Q4). In addition, precious metals are also traded as a hedge against increased inflation. It remains exciting whether gold will continue to remain in favor with investors. If gold can not crack the $1.870 mark, it may be that investors are again disappointed with the performance of the yellow precious metal. I am actually a bit more pessimistic about silver overall than I am about gold. Silver was also able to benefit from the high energy prices (as it increased demand for silver for alternative energy) and the supply chain disruption - in the longer term, I see both issues easing. I see silver currently rather in the upper area of the short-term range and consider a short-term short position here lucrative, especially if the Treasury yields continue to know only one direction (upwards) and thus also make the dollar more attractive.

Try to get in as HIGH as possible.

Tip: Multiply your usual lot size by ~ 20 - 25 (2,000% - 2,500%) trading Silver (XAG/USD).