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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Trading the trend: long silver

IG's Chris Beauchamp looks to go long silver as the price steadily rises after recent weakness, with a stop at $27.00 an ounce.

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(AI Video Summary)

Previous EUR/USD trading outcome

In this week's episode of "Trading the trend", Chris Beauchamp recaps a successful short position on EUR/USD, driven by a strengthening US dollar ahead of the Federal Reserve (Fed) meeting and upcoming payroll data, which continues to drive the pair downward.

This week's trading opportunity

Looking ahead to this week, Beauchamp spotlights a new opportunity in going long on silver, noting its recovery towards $28.60 after recent price pullbacks. The strategy involves placing a stop at $27.00 per ounce to manage risk.


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