Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is looking to buy silver in a short-term trade.

He is aiming to buy XAGUSD at $16.50 but also longs at $16.35. His stop is a break below $16.15 and his targets are $17.00 and $17.65.

O'Hare’s technical analysis of a selected trade is featured every week on Trading Floor.