Golden Opportunity: Riding the Silver Wave to $30+

The precious metals are currently consolidating at a high level. The correction hoped for by many bears has not materialized so far. Silver is currently performing even better than its big brother, gold. We expect the price of silver to soon move towards $30 and beyond. Based on the Elliott Wave Theory, we present two trading options for a long trade in silver as seen in the chart. The first option offers an exceptionally high RRR of more than 7:1, while the second option, with an RRR of 1.87:1, is much more conservative and allows for a larger intermediate correction.

Order cancelled:

Missed our entry point by 2 lousy pips LOL