SILVER
Added 2024-09-03 09:35:49 +0000 UTCPrice was not able to break above the $30 level and needs a pull back before another attempt can me made, so with the 50 Day MA lost here too, I have added in the green fib levels from Wave C to $30 and we can see clearly that the price action is testing the 0.5 Fib level now at $28.35
The 0.618 Fib at $27.88 is very much a possibility too, the 0.618 Fib is the most frequent level to be tested in a pull back.
This is why we wanted to wait until the price broke above $30 to add again, this is a resistance level and so if the price level does not convert to support, then we add on the pull back and I would be keen to add Silver if we get a hold above 0.618 Fib at $27, if I am happy to add at $30, I am certainly happy to add at $27.
So we will watch this and I will move more cash into Silver if we get a hold above the 0.618 Fib
