SILVER - SAFE HAVEN -
Added 2024-07-26 11:42:43 +0000 UTCI added Silver yesterday as it has been testing the 0.5 Fib at $27, having moved in an ABC count so far, it is not confirmed whether Wave C is complete but there is no reason why it can not bounce from here on the 0.5 Fib with a test.
We can see that the RSI is at 30 now, right at the oversold territory, each time this has happened over the last 18 months it was followed by a bounce.
I have one more buy I would like to make and this is if the 200 Day MA is tested at the 0.618 Fib at $26.
Otherwise I am very happy with my current holdings and how we have set up Silver as our safe haven.
$30 is the level I want to see recaptured next and then moving higher to our First and Second Targets.
