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Video: UPDATE Silver Price Analysis in March 2020 – Sell-Off to 2009 Lows

Summary:
In the present video, David Jones from Capital.com provides his updated forecast for silver in March 2020. He starts the video by discussing the recent 38% slump of prices from the highs reached on February 24 to the 11-year lows. David continues the video by listing important support and resistance levels. Next, he discusses charts of the metal and three usual ways for traders to act: do nothing in the current turbulent environment, sell short following the trend, or buy in hopes that the market has overreacted. As usual, David concludes the video by setting up positions. But instead of opening one position, which is either short or long, how he usually does, David sets up two positions: one to buy the metal if prices go significantly higher, and one to sell in case the sell-off

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In the present video, David Jones from Capital.com provides his updated forecast for silver in March 2020. He starts the video by discussing the recent 38% slump of prices from the highs reached on February 24 to the 11-year lows. David continues the video by listing important support and resistance levels. Next, he discusses charts of the metal and three usual ways for traders to act: do nothing in the current turbulent environment, sell short following the trend, or buy in hopes that the market has overreacted. As usual, David concludes the video by setting up positions. But instead of opening one position, which is either short or long, how he usually does, David sets up two positions: one to buy the metal if prices go significantly higher, and one to sell in case the sell-off continues.

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Vladimir Vyun
Vladimir is an online journalist with background in computer science and work experience in pension funds. He contributes news reports, fundamental analysis and sentiment forecasts to TopForexNews.com and CommodityBlog.com. His main specialization is the currencies of emerging economies and inter-market correlations with commodity and bond trading.

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