Silver – in anticipation of the easing of the Fed's monetary policy
"Traders are betting on a Fed rate cut in the second half of the year."
The expectation of easing the Fed's monetary policy is pushing the non-ferrous metals market to grow. Gold as a growth driver also stimulates interest in silver, which has monetary properties.
TAKE PROFIT
Since March last year, silver has been in a sweeping sidewall. Since the beginning of 2024, silver has formed a local consolidation and has gone up. We believe that the target of the silver movement is the upper limit of the sidewall at the level of $25.5./an ounce, which implies an increase of 7% from the current price of $23.8./an ounce.
STOP LOSS
Do not forget about risk management. It is recommended to open positions in silver for no more than 10% of the account, since silver is an extremely volatile instrument. If the price is fixed below $ 22.5, then the silver growth forecast is canceled. A stop order can be placed at $23 (-3% of the current price of $23).
Disclamer. The analytics presented here are designed for people who have at least a basic understanding of the Russian financial market. If you have difficulties with the practical implementation of our recommendations, you can use the services of our specialists with the Portfolio Consultant package at the link: https://eraperemen.info/priobresti/
