SILVER - SAFE HAVEN - TOP 10 -
Added 2025-01-03 12:11:56 +0000 UTCI have added in more detail on the impulse count for 2025 but this impulse wave assumes that the price action can take back the $30 level at the 200 Day MA next.
We can see that the price action has been drifting back up to this level since the market flush down when Powell dropped the inflation bomb on us on the 19th of Dec.
We know how important the $30 level is, the price has been oscillating around this support/resistance level since April.
If the bulls can flip this level to support, then we are in good position for some positive movement for 2025, with a number of indications aligning with the $47 - $50 range by the end of the year.
This is part of the Top 10 list, so strongly consider a position, especially when the risk is reduced holding above $30 (200 Day MA on the $SLV chart)
