Every Cloud has a Silver lining!

I Yesterday I spoke about selling USDZAR (http://savitrading.com/blog/sell-usdzar/). I am happy to say i closed my trade for a profit at 11.2240.

Today I like buying Silver (XAGUSD). I am buying at current levels with a stop at 16.75, looking for a move to 17.55. I feel the USD is still in line for a reversal over the next week or so, feeling that Gold and Silver will benefit from this. Also Silver is highly oversold across the indicators I use. The recent low comes in at 16.87, so I feel the stop is in the right place. The chart below shows Silver on the H4 chart.