The Long Investor
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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
A A
Bummer that you pay higher taxes on metals than capital gains (28% vs 20%). I'm allergic to taxes :P
Martechnic
Interested in this aswell. Time to scale in more if it plays out like you expect currently.
Zach
Yes
Zach
This is just Silver but $SLV is basically the same thing. 200 MA is also buy zone for $SLV
Steven Injety
Is 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)
Kenneth Johnston
What sites are you buying silver ? Thanks!
Robert H
Would you consider SLV ETF the same play?
Chubsters
Or is it contingent on the market falling and people flocking to safe havens again
Chubsters
Do 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?
TL
Thanks for the commentary here very helpful
Taylor D
I'm eager for this to dip lower. Hard to be patient.
