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

March 23, 2020 at 9:06 by Vladimir Vyun

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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