Silver: buy up
The daily chart indicates that silver has returned above $22.0, suggesting a short-term trend reversal. However, silver is still constrained by the downtrend line, implying that it may still be in a pullback cycle since 30.0, with limited upside potential. Investors may focus on the performance of silver in the densely traded range of 23.0-24.5.
Specific trading strategy: Buy at 22.5-23 with a take profit level at 24.37-24.5.
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Note
First TP:23.7Note
arrive first TP
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.