SILVER - SAFE HAVEN -
Added 2024-03-28 14:07:37 +0000 UTCI want to add to my position here, which accounts for 15% of my total allocation right now as a hedge against the market....but I want to see a break above the previous high at $26.12.
Right now the price action has been testing the wedge breakout level continuously which is fine by me but I want a bounce on this support......the market overall continues to stay resilient as capital is rotating into smaller caps, so there doesn't appear to be a rush into Silver or Gold right now....but it only takes one announcement by the fed to alter this...so this is why I am staying vigilant and will be very happy to make only 10% on my Silver allocation for the year if needs be.
I will most certainly be adding to my position again above $26.10
$SLV ticker is perfectly fine company to buy with exposure to hold Silver, if your broker does not allow you to buy commodities.
