As we lead into CPI this morning, Silver is sitting right in the centre of the strong confluence level at $30.
The 50 Day, 200 Day, 0.618 Fib and blue support/resistance level is here too.
The impulse structure remains strong but their could be a knee jerk reaction here from Silver if CPI comes in hot, this changes nothing for us or our strategy
I continue to believe that Silver is an add at any stage below the $30 level....or 200 Day MA on the $SLV chart.
florian heller
2025-01-15 17:41:55 +0000 UTC