$SILVER - RC -
Added 2023-06-17 11:28:13 +0000 UTCVery interesting chart here from $SILVER. First of all, it pulled back in mid 2022 and held at the 0.65 Fib very cleanly, it has since bounced and held support above the 200 Day MA, it has recently broken out of the red channel and has held above.....these are 3 very strong support indicators of its upward trend.
Silver is seen as a hedge against uncertainty in the market, it is showing a move to the upside here, with Wave 3 going as far as $48. This will be worth keeping an eye on.
Comments
Many thanks! 💝
Halcyon
2023-06-17 19:44:29 +0000 UTC
