Silver Price Watch

[jason1]

If I was a paper silver guy, 100% id be selling just short of $100usd, and waiting for a drop, IMO that is what will happen, the paper boys will do a sell off just shy of $100usd, that vertical line is way to straight up, the paper boys IMO will sell. But saying that I think the paper silver boys will buy straight back in again so should be short lived drop if we see one IMO.
but physical silver no fucken way id sell, impossible to buy back in.

 

[alor]

Exit only road, re-entry not permited.

 

[STKR]

Back when it was in the 80's (USD), I was hearing reports that some banks were in a bad spot with their silver shorts. The target for them to be in real trouble was apparently $94USD. I didn't think too much of it but watching the markets it's quite interesting to see the strong resistance at $94.

 

[Nugget]

 

[Nugget]

Exit only road, re-entry not permited.

Well I did a GSR trade 3 days ago which took me a little below my floor stack that I set for myself. Getting back to that "floor" is going to hurt $$ wise.

 

[Sandy Gooch]

Just wait for the price to drop. Moving silver in the past week you cant go wrong imo, let it drop in a week or two and go back in.

 

[SKULL]

I've seen a few posting's & an article saying that $94 + USD is a critical level for some major shorts I have no idea of the validity of that.

If that level is a critical threshold for some Big Shorts, they must be Sleepless & sweating Bullets ATM

 

[Sandy Gooch]

About to see 95 so that should be somethin

 

[Nugget]

Swan Bullion had a few older Kookaburra's up on their site. $20 over Spot. They sold very quickly

 

[STKR]

About to see 95 so that should be somethin

 

[Silver Soul]

Tenkan & kijun mma's in a squeeze .... In for a wee little run

 

[Nugget]

Crazy that this doesn't surprise me

 

[Silver Soul]

^^^ Lucky it is happening in your lifetime

 

[Nugget]

 

[STKR]

I noticed ABC removed the 1oz silver kangaroo altogether. From inflated premiums above other government mints for years, to removing it completely. I don't know what the A stands for in ABC but it's not 'Australian'. Boycott ABC.

 

[alor]

they cannot lock in any price and get the bars, so abandoning price quote.
they must have got the "don't know" answer

 

[Nugget]

How boring!

 

[STKR]

How boring!

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I actually think it's exciting to see silver being slammed down and recovering so quickly. Really shows how much buying pressure there is for our beloved shinester.