In what turned out to be a pretty negative day in markets, Silver was the sole winner, pretty much.
Next price target $48 and below $43.60 negates the short-term trend.
Having taken some money off the table at $44, and recognising the trend is still super strong, we’d only want to buy back in at $42.25 and we probably won’t see that immediately.
Lots of Silver bugs trying to pick tops, up to $150, but that’s a mugs game. Concentrate on the trend, get your investment back first so you have a free trade, and then scale out. Less than 10% can be used for a moonshot and only when good profits have been taken.