If some of you remember, in my last idea I said - region to consider buy orders are at $16.40-$16.60..
We had very weekly close, so dips lower than 0.618 are possible.. Personally, I think this white zone is ideal for investors and long term traders. In short term we might consolidate before another leg up.
Next monthly is $21-23$ region.. For large swing traders - $22,54 could be ideal for profit taking. Not ruling out possibility of 1.618 fib being hit, but as we see very often - it might be front-run :)
So far, 2/2 trades were successful on silver! Let's continue this streak.
Check out all previous ideas!
This is not financial advise! Have a great day :)