SILVER - IMPORTANT NOTE - SAFE HAVEN -
Added 2024-05-04 10:22:34 +0000 UTCSilver acting as reliable as you would expect.
Pulled back in controlled manner to the 0.5 Fib and has finished the week just above this level and waiting for the 50 Day MA to meet the price action.
What we want to see is this moving average offer further support to the price action and help move this up to a higher high.
I will have no issue moving more cash in Silver if I see this play out as we have been expecting.
I think whatever happens in the market, whether it pulls back now for Wave A or gets one more high before starting its correction, either way the market will have to correct and Silver and Gold will directly benefit from this correction as we have already witnessed its positive move with market weakness, it has given us an insight into how the market thinks of Silver as a safe haven.
