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Silver has just experienced a significant bullish rally, indicating clear strength and a solid momentum shift. This move was driven by buyers who aggressively pushed the price through critical intraday resistance levels.
At this point, I'm not jumping in immediately.
The Plan: Wait for a healthy pullback to a key support level, then look for confirmation of continued upward movement.
The $84 zone is crucial.
If the price retraces to this level, holds steady, and shows signs of reversal, that's when the long position becomes viable.
Trade Setup:
Entry Range: 84.00 – 84.30
Target 1: 86.00
Target 2: 87.50
Target 3: 88.80
Stop Loss: Below 83.40
Patience is key here. Allow the price to come to us, and then we'll take action.
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