Silver has been decreasing for the past couple of months. It is now trading around $20, but looking at it globally, the market has rolled back by 50% from the 2020 initiative, which creates favorable conditions for medium-term positions.
Considering that silver has a wide range of uses, especially in the automotive, chemical and green technology industries, having it at half price is a completely logical investment idea. The possible price movement is more than $10.
Two tactics can be used to get into this plan:
1. Buy at current prices with stop loss at $10 and take-profit at $30.
2. in lower TFs, catch a reversal with less risks, but with take-profit above $30.
These trading ideas are based on the Price Action and Stop Hunting strategies.
Good luck and have a nice day!
