SILVER
Added 2024-06-06 13:42:10 +0000 UTCNice move by Silver over the last 24hrs to regain its $30 very quickly and with the ECB announcing Rate Cuts today, which was a slight surprise, more capital has flowed back into Silver as a hedge.
Silver respects support levels and Fib levels extremely well which makes it easier for us to take advantage.
Very similar set up now compared to April before moving higher, with the price action in a strict descending wedge.
I am happy to see the price action stay in this wedge but also above $30 and breaking to the upside
Silver and Gold increasing means smart money is preparing for volatility in the market
The US will follow the ECB rate cut but when is the important factor, I suspect it will be in September but before the elections.
Comments
TLI what do you think of todays silver reacting? Would it pullback even more now?
Yaso
2024-06-07 15:31:19 +0000 UTCHow do you those targets for Silver? This is not EWT.
DC
2024-06-06 20:32:36 +0000 UTC
