SILVER
Added 2024-07-12 12:14:07 +0000 UTCSilver is starting to curl down here slightly so although we have a higher high in now, we want to see a higher low, so I have added in the white Fib levels to see where this can find support to put in a higher low.
Conveniently, the $30 level is between the 0.5 Fib and 0.618 Fib and we also have the 50 Day MA in there too, making this certainly a confluence level and if we can find support here, I will be adding to my Silver holdings again, moving cash into this position.
Silver continues to serve us well and has already exceeded our projections for this year, a hold above $30 would be great now.
Comments
Gold and Silver seem to be waiting to see how US Treasury refinances the H2 2024 wall of debt.
DC
2024-07-12 12:32:39 +0000 UTC
