TRIAL: ONLINE TRADING COMMENTARY

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Euer Gerhard Pilz

MONDAY 180411 10
A 50 cents correction of the silver market has marked the beginning of the European trading session. Underlying strength seems to support silver. However, overall sentiment this morning is weaker than expected.

MONDAY 180411 15:39
Standard & Poor's credit ratings agency cut its long-term outlook for the United States to negative from stable but kept AAA rating in place for the moment.
Dow Jones drops 200 points on that news and silver rallies immediately 60 cents.
We are out of the market at this point of time.

MONDAY 180411 16:02
Short July Silver at 4316. We want to assess if the move higher was a last blow off before a sizeable correction.

MONDAY 180411 16:07
Took profit before $4300. Consider $43,00 decisive level.

MONDAY 180411 16:30
July silver reached a low of 4227. As silver went minus on the day we consider to look for entry prices to go short.

MONDAY 180411 18:37
Several tries to go short failed. It is very difficult to assess the immediate future price development. Will wait for the close.

MONDAY 180411 20:09
Silver breaks back above $43. The Reversal seems a long way away.