FX.co ★ Trading idea for Silver

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Good day traders! Here is a trading idea for silver.

Over the past two months, gold quotes rose 6,000 pips, relative to the crisis associated with the covid-19 pandemic. Such a situation drove the quotes of silver back to a "fair range", in which the asset stood for many years.

Silver has been growing actively in recent days. Open short positions to trigger a rollback of the quotes:

On short positions, put sell limits in a scale of 500 to 1000 pips, depending on your deposit.

You can start with the current quotes.

Take profit if the market moves 1000 pips after opening the first order.

If growth continues, pick up the grid and take profit on the total take of the first order.

Good luck!