SILVER - TOP 10 - SAFE HAVEN -
Added 2025-04-04 10:27:47 +0000 UTCThere is a very large difference between Silver and the $SPY chart right now, the pull back here has controlled whereas the pull back for the $SPY has been fast and harsh. Silver is still up +6.5% YTD today, dwarfing the negative performance of the $SPY.
In the short term, I believe that a retest of the 200 Day MA here at $31 could offer an opportunity if the price holds, if this level is not held then I would expect the blue line to hold at $30, a hold on either level should be a clear signal for us to add to our positions.
Impulse wave looks strong and as a safe haven, it has been doing its job.
Comments
I have a question regarding silver as a hedge. I've checked the 2008 crash and recession (2020 similar) and in the first period silver went similarly as the market (SPY, Nasdaq). Then it outperformed after intervention by FED and other central Banks went into play and inflation was rising. Do you consider silver as a hedge (safe heaven) against inflation or recession or both?
Michał Dziendzikowski
2025-04-05 05:59:00 +0000 UTCWow silver down to 28 in PM
RealOpinions
2025-04-04 12:15:06 +0000 UTC
