Following the precise completion of the bearish margin cycle, we are seeing a bounce, with silver now trading above the 1/4 level.
In the 58.55 area, we find local extremes and a balance debt. I believe long positions are well-justified from this point, with immediate targets towards the 1/2 level: 60.00-66.20, maintaining a 1:3 risk-to-reward ratio.
The forecast for silver played out perfectly, and we are currently testing the 1/2 margin level.
Now, we need to monitor the market reaction to determine if we can break through this level.
(By the way, gold is also currently testing its 1/2 level).
