Time to dump, silver
That's exactly what we wanted: A retrace of the silver price to the $23 range.
From here, I see a good chance that the downward trend will pick up speed again. In the short term, we are heading for the lows of late June 2023 with an RRR of 2:1.
In the longer term, the lows of March 2023 appear achievable. Here, the same entry and stop loss results in an RRR of almost 5:1.
Alternatively, the targets can be seen as TP1 and TP2.
From here, I see a good chance that the downward trend will pick up speed again. In the short term, we are heading for the lows of late June 2023 with an RRR of 2:1.
In the longer term, the lows of March 2023 appear achievable. Here, the same entry and stop loss results in an RRR of almost 5:1.
Alternatively, the targets can be seen as TP1 and TP2.
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