Strifor || SILVER-21/05/2024

Updated
Preferred direction: BUY
Comment: A long with little potential can be considered for silver in the next 1-2 days. Let us remember that earlier we also considered purchases near the level of 30.50-31.00. These trades were closed with profit and can be viewed in the profile.

Just like with currency pairs, here we are considering a small potential for strengthening against the US dollar against the backdrop of previous transactions. We are considering both scenarios presented on the chart for entering a long position, but still the more probable scenario №1, which assumes maximum growth from current prices. In any case, a target above the level of 33.00 is not considered for today.

Additional comments on this trade will be provided as situation changes. Follow us!

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