Silver Remains a Buy on DipsIt seems the precious metals market didn’t mourn the Fed’s decision and subsequent press release for long.
The uptrend remains intact, and the previously supportive factors are still in play.
Even amid the negative news, there was no sharp sell-off — everything stayed within the trend. This clearly signals that rate cuts are on the horizon, and metals are likely to continue their upward move.
We only trade from the long side — nothing has changed.
At the moment, we've seen a pullback, and it feels strange not to take advantage of it and add more silver to the portfolio.
Stop-loss is set below yesterday’s candle low at 36.15.
We’ll see how the position develops. For now, the idea is to hold as long as the stop-loss holds. The long-term target is 48. Obviously, we won't reach it quickly, so I’ll trail the stop as the trade progresses — first to breakeven, and eventually into profit.
