SILVER - SAFE HAVEN -
Added 2024-09-11 11:33:13 +0000 UTCSilver has been holding in between the 50 Day MA and the smaller 0.618 Fib at $27 and now forming a tightening wedge too
Banking stocks sold off yesterday after $ALLY warned that some customers are feeling the pressure of job losses and inflation and are falling behind on their payments.....with a bleak guide that things could get worse....$JPM sold off very aggressively yesterday too, posting its worst day since 2020 yesterday.
CPI data is out in less than 1hr and Silver is up this morning
Lets see how CPI behaves, any changes to estimates may cause Silver to break above the 50 Day MA at $29.
