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15.03.2023 05:21 PM
Trading tips for silver

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The previous trading plan for silver aimed to increase its price in the market.

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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.

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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:

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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.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2025
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Andrey Shevchenko
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
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