PRLog - Oct. 25, 2012 - ESCAZú, Costa Rica -- Silver is not the biggest market sector and therefore it is more affected by oscillations both positive and negative than the considerably larger gold market.
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As options expiry approaches it is important to stay committed and not sell your holdings. If you have gone the whole hog and taken delivery off the physical metal then hold on tight and don't be tempted to give others a bargain price by selling now.
With a little under two weeks to go until one of the most important presidential elections in the United States in recent times, we are unlikely to see the dollar index decline much and this is never good news for precious metal traders.
Dave Briggs, a Senior Broker at Qualified FX in Tokyo, Japan says "if we hold off until after the election we are bound to see a heavy move north in silver prices. To sell now would be nothing short of ridiculous."
Dave goes on to say - "At the end of the day, as an asset class, we have seen one of the best performances over the past decade and nothing suggests that this will not continue."
Disclosure: Dave Briggs and Qualified FX hold several call options in silver with various expiry dates.
Qualified FX was set up almost ten years ago to provide commodity and forex trading accounts to both retail and institutional investors in almost 80 countries.
We maintain corporate offices in both Tokyo, Japan and San Jose, Costa Rica and as such are ideally placed to access all commodity and forex markets around the world. Trading never closes at Qualified FX.
To open an account or just for more information about forex and commodity trading please visit our website at http://www.qualifiedfx.com
Risk Disclosure: Past results are not indicative of future performance. Commodity and Forex trading is not suitable for every investor and as such only risk capital should be used.