SILVER - SAFE - HAVEN -
Added 2024-09-09 12:35:19 +0000 UTCSilver continues to hold above its 0.618 Fib, after it came back for a second retest of this level after testing its 50 Day MA
Right now, the price is holding and also between the 50 and 200 Day MA, so staying within this range is not an issue and the 200 Day MA can protect the price action from making a lower low.
I think Silver is still waiting for the market to take its direction too
CPI this week will likely influence the movement of Silver, any concerns from the CPI or PPI data and we could see a further flight to safety
$30 level remains the level we want to see converted to support and only then can we assume that the pull back is complete.
