SILVER
Added 2024-05-28 09:31:15 +0000 UTCSo far we have had the perfect retest of the $30 level and bounced
We would need to see a higher high next above $32.56 to show that this pull back to test the historical resistance level of $30 is now complete.
Remember, our blue line here is a +10 year resistance line at $30, so getting a retest of this level from above and behaving as a support level now is a significant trend change.
Therefore, another retest of this level may be needed for further confirmation that this level has been converted to support.
This Silver chart has been working very well for us as we selected it as our Safe Haven position, we loaded heavy at $24, again between $26-$27 on the Fib levels as shown and then again on the retest at $30.
Charts that move in a strict manner like this are charts we must take advantage of
