SILVER - TOP 10 - SAFE HAVEN -
Added 2025-05-12 19:29:02 +0000 UTCNo changes to the chart here but I wanted to keep everyone in the loop.
I still believe there is one more lower low to the 200 Day MA which is just above $31 now before this pull back is complete and we can go higher next to complete Wave 3 at the 1.618 Fib at $41.
The 50 WMA is also at $31 now just below the 0.5 Fib too, so this is a strong support range around $31.
Holding above this area and there is no change to our projection.
And for clarity:
I would much prefer to be buying Silver instead of a Mega Cap right now.
Comments
Bummer that you pay higher taxes on metals than capital gains (28% vs 20%). I'm allergic to taxes :P
A A
2025-05-12 20:43:39 +0000 UTCInterested in this aswell. Time to scale in more if it plays out like you expect currently.
Martechnic
2025-05-12 20:23:55 +0000 UTCYes
Zach
2025-05-12 20:23:43 +0000 UTCThis is just Silver but $SLV is basically the same thing. 200 MA is also buy zone for $SLV
Zach
2025-05-12 20:23:35 +0000 UTCIs this for $SLV (iShares Silver Trust) or a different Silver (ETF or Futures perhaps)? I see a different price on Robinhood (I presume the analysis remains the same, just curious to know)
Steven Injety
2025-05-12 20:03:10 +0000 UTCWhat sites are you buying silver ? Thanks!
Kenneth Johnston
2025-05-12 19:44:31 +0000 UTCWould you consider SLV ETF the same play?
Robert H
2025-05-12 19:33:32 +0000 UTCOr is it contingent on the market falling and people flocking to safe havens again
Chubsters
2025-05-12 19:32:14 +0000 UTCDo you think this will continue to rise even if the market decides not to go into a Wave C and we follow the contrarian path?
Chubsters
2025-05-12 19:31:45 +0000 UTCThanks for the commentary here very helpful
TL
2025-05-12 19:31:04 +0000 UTCI'm eager for this to dip lower. Hard to be patient.
Taylor D
2025-05-12 19:30:30 +0000 UTC
