I do have a bit of loose fiat.
Silver Price Watch
- Thread starter STKR
- Start date
Huhh?
No idea who buying.
Maybe a major syndicate has been form to " Squeeze " the balls of the paper shorts players ( Big Banks ) Last I heard, it's only J P Morgan & Citi that are holding the big short position.
Might be a concerted effort to break these banks.
Nearly everything u hear is just speculation. If the truth " ever " comes out, it's usually quiet a ways down the track.
Reference MarketWatch.com $ USD Silver continuous contract
Sat down with a coffee & took a look at the Silver chart on the close.
Damn near spilt my coffee.
Hi Ho Silver a close for the day & week OVER $39
Went thru $38 to $39 like a hot knife thru butter.
Going to be a Long & Dark weekend for those Short traders
I hope they bleed out all the way to $50 & beyond
Sat down with a coffee & took a look at the Silver chart on the close.
Damn near spilt my coffee.
Hi Ho Silver a close for the day & week OVER $39
Went thru $38 to $39 like a hot knife thru butter.
Going to be a Long & Dark weekend for those Short traders
I hope they bleed out all the way to $50 & beyond
Reference MarketWatch.com $ USD Silver continuous contract
I was just looking a little closer at the MarketWatch Silver page/chart
They measure volume on a 65 day average. Average volume is 55.85K. Yesterday volume was 99.83K
That's a 179% increase on average ( that's how MarketWatch put's it )
I would have put it as a 79% increase on average volume.
Either way, volume was up significantly so some major action was taking place.
YTD Price is up 33.41% that's real nice for 6 months
I was just looking a little closer at the MarketWatch Silver page/chart
They measure volume on a 65 day average. Average volume is 55.85K. Yesterday volume was 99.83K
That's a 179% increase on average ( that's how MarketWatch put's it )
I would have put it as a 79% increase on average volume.
Either way, volume was up significantly so some major action was taking place.
YTD Price is up 33.41% that's real nice for 6 months
Reference MarketWatch.com $ USD Silver continuous contract
If Silver can continue it's current rate of price progression, 33.41% YTD, I believe that $50 Silver by the end of this year is a real possibility.
I stacked more Silver when the GSR hit 100:1 a short time back. I just need $41/oz to cover the premium on my latest purchased. So it's nearly into profit on that stack.
But if I average my stack ( major portion of my stacking was back early 2020 ) I'm well into profit at this stage.
If Silver can breach $50 then it's clear air above. Yes I do know that if u adjust for inflation the REAL ATH I have heard mention of $250 +
But psychologically the human mind still has the imprint of $50 is Silvers ATH.
I already have an ear to ear grin with Silver at $39 +
If Silver can continue it's current rate of price progression, 33.41% YTD, I believe that $50 Silver by the end of this year is a real possibility.
I stacked more Silver when the GSR hit 100:1 a short time back. I just need $41/oz to cover the premium on my latest purchased. So it's nearly into profit on that stack.
But if I average my stack ( major portion of my stacking was back early 2020 ) I'm well into profit at this stage.
If Silver can breach $50 then it's clear air above. Yes I do know that if u adjust for inflation the REAL ATH I have heard mention of $250 +
But psychologically the human mind still has the imprint of $50 is Silvers ATH.
I already have an ear to ear grin with Silver at $39 +
Well as predicted here we are at the yellow line $38.50 The last major hurdle for pos! Now the big question is what will it do next? Will the Wall Street whores crash it or have they lost control where it could bust out to ATH? If it does break out it can go anywhere from here ... I'm looking forward to it.
