SILVER - SAFE HAVEN -
Added 2024-11-18 10:29:39 +0000 UTCSilver continues to hold above the important $30 level, we can see that there has been a perfect flush down to the 0.618 Fib at $29.73 and to the 150 Day MA and bouncing immediately, the price is back up to test the 0.5 Fib right now at $30.72
We would like to see this level flipped to support to confirm that this is starting to trend to the upside again and after this, above the 50 Day MA $31.60
While this is happening, the 200 Day MA is moving up to the $30 level, which should help support this line if any future pull backs come again at $30.
Comments
Considering adding some SLV here. But the charts of SLV versus silver makes it hard to read. Would be useful if we could chart on SLV - or give the $ value to watch for holds?
Chris H
2024-11-18 13:11:44 +0000 UTCSome smart people in the metals area says a B bounce is taking shape now, and that the following C drop will finish under 29.
Daniel E
2024-11-18 11:55:41 +0000 UTCHonestly it’s not . At one point folks say it’s $3 spread then $2. Reality is we are trying to buy at a target per charts so this would be a pretty reasonable ask
AL
2024-11-18 11:55:04 +0000 UTCNo need AL. The price action is very similar. Watch the price of silver and when you like it, just buy $SLV.
Vojtěch Šimeček
2024-11-18 11:29:05 +0000 UTCCould you please add SLV levels when you share silver ?
AL
2024-11-18 10:54:40 +0000 UTC
