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Showing results for tags 'silver'.
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After Powell's(Fed Chair) talk, markets were pumping, and silver followed up on them and passed through the daily level and is above it, we may see higher prices since Powell gave "good news" with some "bad news."
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While Silver can be volatile, it is also seen as a safe-haven asset, similar to its sister metal, Gold. Safe-haven assets can protect investors in times of uncertainty, and with tensions running high, they could be a good choice for those looking to preserve their wealth in difficult times. Silver should be considered a capital protection asset. What does it mean? It means that Silver might go down and up, but it won't be printed, FED cannot make more Silver. Still, they always print more dollars and affect the entire economy and cause more inflation over the years, so to protect yourself from this, you can buy Silver anytime you want; just buy it and average the price instead of holding fiat money that loses value every single day. Keep the silver tight for years! As I already mentioned, Silver and Gold are very similar, please check this thread for more ideas about them. End of the day, should you invest in Silver? If you want to protect your capital, yes, and silver and gold are similar, but the use of silver is way more than gold. Uses of Silver are; Electronics, Cars, Soldering and Brazing, Coins, Jewelry, Medicine, and many more... So we can easily say that silver will be worth more and more in the future, without a doubt, while our fiat money will worth less and less.
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Silver follows up his friend(Gold-Chart-Here) and gets a rejection from the old daily level, which hasn't been hit for months. This happens at the same time when the DXY finds support at the monthly level; this gave us a best trade opportunity between Silver's daily resistance and DXY's monthly support. DXY