SILVER - SAFE HAVEN -
Added 2024-08-20 11:03:25 +0000 UTCOne simple instruction when it comes to Silver, we hold until the market corrects
As a safe haven, this has been very good to us so far, up 24% since our first buy and up nearly 10% since our last buy.
Safe havens are to be used to conserve our capital, but to get returns like this, when the $SPY is +17% YTD this has been incredible.
I believe the divergence between Gold and Silver, which is high right now as Gold hits new ATH's will narrow, as Silver starts gaining ground and catches up
I have added in the Fib extensions now and we can see that the 1.618 Fib is very close at $29.91, which is also close to the $30 level, so let's not be surprised to see a pull back before $30 so it can go higher again to recapture the $30 level next.
