The Long Investor

SILVER - SAFE HAVEN - TOP 10 -

Added 2025-05-23 09:54:44 +0000 UTC

NO EWT ON THIS CHART.

Another Technical View of Silver without using Elliott Wave Theory.

The movement of this chart is a technicians dream and the entire structure started from the 2009 GFC low too.

But this time it appears that smart money has been moving into Safe Havens BEFORE a market crash.

Or is there more at play here?

Traditionally Bonds were seen as the safe haven, but if the market declines and Bonds are no longer considered safe now (as the US 10 YR moves higher.) then Silver could be seen as a better option

Likewise, $BTC is running but the older generation may prefer Silver or Gold instead of a crypto as their prefered safe haven

And also, Silver is a commonly used element in Solar Panels and industries now, China has been using this mental to expand their Solar Panel industry too.

So I believe Silver is in the sweet spot now, a safe haven, better than bonds, more secure than crypto (by some) and needed by new industries

I believe Silver can go to $49.

News article today:

Silver prices climbed above $33 per ounce on Friday and were on track to rise about 3% for the week, driven by heightened demand for safe-haven assets amid growing concerns over the US fiscal outlook.

Investor anxiety was stoked by President Trump’s new budget bill—which includes significant tax cuts and expanded defense spending—raising fears of worsening deficits and an expanding national debt.

Adding to the bullish tone, Federal Reserve Governor Christopher Waller suggested that the Fed still sees scope for interest rate cuts later this year, depending on the outcome of ongoing tariff policy developments, which could support precious metals.

On the industrial side, silver also drew strength from fresh data showing China’s wind and solar power capacity surged to nearly 1,500 GW in the first quarter—bolstered by a 60 GW increase in photovoltaic installations.

This supports a stronger outlook for silver demand, given its essential role in solar panel production.