Silver underwent a strong correction, falsely breaking through $21, which is a level important for buyers.
This situation calls for more purchases in the market, starting from current prices up to the 50% retracement level of $21. Then, stop loss can be placed in these three levels:
1. After a false breakdown below $20.
2. At the support level of $18.
3. At the 2020 low of $12.
Take profit on the breakdown of $30.
This idea is based on the "Price Action" and "Stop Hunting" strategies.
Good luck and have a nice day!
