SILVER - SAFE HAVEN -
Added 2024-07-03 11:08:43 +0000 UTCSilver has gained now for the 6 consecutive day and is now back above its 50 Day MA and more importantly its $30 level, it has not broken out of this bullish channel yet or converted the $30 line to support yet so there is still some more work to do.
Gold and Silver have been gaining on softer dollar ahead of the Fed minutes, which is another example of how smart money allocates into safe havens on concerns of uncertain economic data.
Holding above $30 and I would be interested to add again, otherwise if it rejects, I would wait for a potential flush down while the market is showing some signs of melting up.
