SILVER - SAFE HAVEN -
Added 2024-08-12 11:06:37 +0000 UTCA noticeable change in direction now for Silver, after finding support above its 200 Day MA and its 0.618 Fib, which were at the same level at $26.
RSI is showing a hold above the 30 level and the MACD is also showing that sellers are now exhausted and it is starting to curl up after dropping excessively, meaning this is back into value territory again
I added Silver again last week and set forward my reasons for doing so
I would like to see a drift up to the 50 Day MA which is at $29 now, flipping this level to support and Silver can make an attempt at recapturing the important blue line at $30.
Very happy that we have been taking advantage of this dip.
