SILVER - SAFE HAVEN -
Added 2024-12-16 11:47:44 +0000 UTCI want to remind the group of the big picture here and how I see this moving for the next 12-18 months
We can see that the blue line is significant at $30, it was the resistance level in 2021 and a support line for 4 years after the Great Financial crash from 2008 onwards.
So it is not a surprise to see the price action continuously testing this line since May.
Silver is a safe haven, it's not for us to make 10 X, it is a mechanism for us to outperform the market in a correction, however, this year it continues to beat the market....as nervous investors add to Silver while the market becomes overvalued.
I believe Silver can go as high at $47 - $50 for the length of time as the market correction completes, which may last into the middle of 2026
Comments
200 Day MA is at $29.50 now so that could easily test
Gareth Neary
2024-12-16 12:06:08 +0000 UTCDo you see a world, where this goes down? For example 27-28
Nevyzpytatelný Albert
2024-12-16 11:58:54 +0000 UTC
