Silver Bulls Eye $48: Long Setup Still in Play

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Silver Bulls Eye $48: Long Setup Still in PlaySilverOANDA:XAGUSDkventinkaSilver has strong chances to continue testing the 43.30 level, with a broader target at 48. The trend remains bullish; we need to watch Monday’s open, but overall I think the long is still valid. It feels a bit risky now since we’ve already rallied a lot and silver is expensive — but expensive doesn’t mean it can’t go higher. I’m long at the moment, with an entry at 42.20. Stop-loss is set below Friday’s candle low. If you don’t have a long position, Monday’s open could be a good entry point, provided there’s no collapse. By collapse, I mean a gap down at the open. Otherwise, the news background is supportive, so that’s the only condition. This idea is risky. If I don’t have profits, I wouldn’t take the risk and would rather wait for better conditions. But I can afford this trade. Analyze whether you can — does it fit into your risk management? If not, then wait for more favorable conditions. 📝Trading Plan 🟢Entry: Long from the current level 🔴Stop: 41.40 🎯Target: 48