SILVER - SAFE HAVEN -
Added 2025-04-07 09:35:36 +0000 UTCSilver has done some recovering this morning after a strong pull back last week that I admit was a little surprise to see
I did a deep dive on this over the weekend to see if there was something I was missing and what I found was a little alarming
Banks and institutions were margin called last week due to the extreme drops and they needed to sell their safe havens to cover the margin, seeing this is a concern because some banks are clearly stressed and selling Gold or Silver would be a last resort option I believe....meaning they had no choice or a possible default would happen.
The impulse wave overall has not changed much but we are likely still in Wave 2 because we got a lower low but still held above the 0.5 Fib.
I am happy to see the price back at $30 again and this level needs to become a base level and a strong support line now, which it has been since April.
If this can happen then I believe the 50 and 200 Day MA's can be recaptured again
Comments
Long read but really interesting. Strange to think those shenanigans continue even after those convictions.
G4Golf
2025-04-08 03:59:13 +0000 UTCIs it a good time to add Silver at this price $29-30?
crypto baba
2025-04-07 12:48:59 +0000 UTCDoes that suggest that stock market bottom is near or not yet? I mean t h e recovery of silver
Yasser Etman
2025-04-07 10:33:35 +0000 UTChttps://x.com/TheBubbleBubble/status/1902724319244865772?s=09
Lyndon Richards
2025-04-07 10:00:17 +0000 UTCI'll see if I can find it again.
Lyndon Richards
2025-04-07 09:52:59 +0000 UTCI read an article yesterday that silver is manipulated and kept low by the banks.
Lyndon Richards
2025-04-07 09:52:40 +0000 UTCWould you see any chance of a sell off in Silver like in second half of 2008 or early Covid scare?
David O
2025-04-07 09:39:51 +0000 UTC
