Silver: buy up
The daily chart indicates that silver has returned above $22.0, suggesting a short-term trend reversal. However, silver is still constrained by the downtrend line, implying that it may still be in a pullback cycle since 30.0, with limited upside potential. Investors may focus on the performance of silver in the densely traded range of 23.0-24.5.
Specific trading strategy: Buy at 22.5-23 with a take profit level at 24.37-24.5.
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