The previous trading plan for silver aimed to increase its price in the market.
That is exactly what happened when the metal rose 1,500 pips, and continues to show a strong upside potential at the time of writing.
For those who did not have time to buy silver, there is still a chance to do so; however, it should be according to this strategy:
There is currently a three-wave (ABC) pattern, in which wave A represents the buying pressure of the last two weeks. Traders could enter the market by opening long positions from the 50% and 61.8% retracement levels, with stop loss set at $17 and $20. Exit the market by taking profit upon the breakdown of $24.5 and $30.
This trading idea is based on the "Price Action" and "Stop hunting" methods.
Good luck and have a nice day! Don't forget to control the risks.
