SILVER - SAFE HAVEN -
Added 2024-04-12 09:28:09 +0000 UTCAnother 2.5% up today and really hasn't looked back since the wedge breakout and retest at $24.60 on the 27th of March....20% jump since then, for Silver to jump this much in such a short period of time, it is likely telling the market a message. That large of amount of capital are flowing into what is considered a historical safe haven.
I am glad to say that we are part of this group.
$30 is the previous high from the very start of 2021, I suspect this level will offer some resistance so we will monitor this closely.
I have added in the First and Second targets here, which are taken from the breadth of the wedge it has broken out from, another metric we often use to find targets.
Comments
Outstanding call. 🙏
Tom P
2024-04-13 21:06:07 +0000 UTCWhich broker do you use for commodities & cryptocurrency? And What your margin preference for gold & silver?
Mohammad Alhajry
2024-04-12 15:04:51 +0000 UTC
