Silver stocks and ETFS having a mini selloff, again today.
PSLV $34.33 (▼4.85%) Sprott Physical Silver Trust | Google Finance
PSLV $34.33 (▼4.85%) Sprott Physical Silver Trust | Google Finance
Silver?
- Thread starter Rukos_48
- Start date
Jaye P. Morgan Flashed the Gong Show #shorts #gongshow
#shorts #jayepmorgan #thegongshowNot all of our videos can be shown to a public YouTube audience. Become a Facts Verse member and get access to all videos th...
www.youtube.com
JP Morgan banned for obscene behaviour
On its way back up. Gold 6000 and silver 125 before summer. Gold at 7200 to 7500 16 months from now.
Copper miners are setting up very nicely for the coming boom in that metal.
Copper miners are setting up very nicely for the coming boom in that metal.
Yes. Still whipsawing. However look at this.... go figure
HYMC $42.07 (▲19.48%) Hycroft Mining Holding Corporation | Google Finance
Silver overnight markets look healthy, definitely some consolidation in the $80 zone. I'm fairly certain once RSI crosses back into the high 60-70 range, it will try for another MACD gold cross on the daily. Will see through Thursday for any options plays on ETFs to see if there's taste. For now Miners ETFs might be a cheaper, less volatile play.
I think I am done. Tired of shitting my pants when I turn on my computer first thing in the morning. gone down after hours again. How fucking low can it go? Will it ever recover? They are saying manufacturers are finding alternatives to silver. Wish I never got in.
Last edited:
I don't think I'll update as much so I'll just give one last bit of review on the charts for what I see;
Daily scale we're seeing that it's looking like it's on a slow step down and Silver would have to look for support fast (Meaning some sort of breaking news or absolute confirmed purchasing of the commodity). I don't see it so there's still volatility in play because of ETF settlements. Futures paints a picture where there's uncertainty which makes sense because most of the physical settlement is dealt with on the large monetary scale between countries holding silver and not demanding repatriation/redemption so far.
Weekly scale it looks not so good as Moving Average, Convergence/Divergence appears that selling is taking order and would cross over as the demand meaning it could see more volatile movements downward in a week or so.
Twelve Trailing month says it's still positive overall so if you bought a year or before you're still good to hold, but there's nothing that indicates right now silver pricing to move upwards other than what I mentioned with repatriation or redemptions from other countries for production purposes (in this case China trying to dominate the metals market).
Do not try to swing trade is basically the big warning. The price seems to be finding support at this point and it's not looking good if you bought over 40. Not until it hits another cycle or moment of crisis.
Daily scale we're seeing that it's looking like it's on a slow step down and Silver would have to look for support fast (Meaning some sort of breaking news or absolute confirmed purchasing of the commodity). I don't see it so there's still volatility in play because of ETF settlements. Futures paints a picture where there's uncertainty which makes sense because most of the physical settlement is dealt with on the large monetary scale between countries holding silver and not demanding repatriation/redemption so far.
Weekly scale it looks not so good as Moving Average, Convergence/Divergence appears that selling is taking order and would cross over as the demand meaning it could see more volatile movements downward in a week or so.
Twelve Trailing month says it's still positive overall so if you bought a year or before you're still good to hold, but there's nothing that indicates right now silver pricing to move upwards other than what I mentioned with repatriation or redemptions from other countries for production purposes (in this case China trying to dominate the metals market).
Do not try to swing trade is basically the big warning. The price seems to be finding support at this point and it's not looking good if you bought over 40. Not until it hits another cycle or moment of crisis.
