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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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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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Forex Commodities United States dollar EUR/USD Silver Currency
Written by: Chris Beauchamp | Chief Market Analyst, London
Publication date:

(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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Clients can lose more than they deposit. All trading involves risk.

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