The Long Investor

SILVER - TOP 10 - SAFE HAVEN -

Added 2025-01-11 18:19:40 +0000 UTC

Silver is guiding us.

We can see in March '24 that Silver jumped from $22 to $32 in 3 months, a +30% jump for a safe haven like Silver is astronomical and it jumped because in April '24 the market had originally expected the FED to Cut Interest Rates, so the market anticipated this.

And in April/May inflation rebounded slightly and the market factored in that Rate Cuts would be delayed until Sept, so the price has drifted sideways since then, staying around the $30 level....sideways movement means the market needs more information....consolidation = information gathering.

Now the 200 Day MA has moved up to the $30 level and it is possible that the pull back is now complete and we have seen a positive move since the flush down in mid December.

Silver can guide us again.

If Silver reverses to the upside now then I believe that smart money continues to be concerned and are safely protecting their portfolio, as we are when buying Silver.

Accumulating now, above $30 and the 200 Day MA is a sensible move, on the $SLV chart this is the equivalent of accumulating along the blue line at $27.50, the charts are just about identical.

We don't need Silver to be the best performing position for the next year, we need it to it progress and beat the market average and it has done its job.

So the brief remains the same:

'Hold Silver until the market correction is complete'