Silver Price Watch

[alor]

how can silver be called more volatile, when it only moved 7+% at most
it should move >15% up a day

 

[Silver Soul]

^^^^ who called it volatile? I didn't. Infact Silver has consolidated from its recent run very nicely with the usual pull backs as expected! Ive put my nuts on the line saying 30 is a pivot point for its next legup from my experiences following the stuff for over 41 years. What's your call ?

 

[Silver Soul]

As I thought 30.30 would be a stop and a bitch to push past because of its long trailing line. But still hope yet as soft data is coming out of the new 3rd world country USA

 

[Silver Soul]

Elliott wave 1

 

[pmbug]

Silver closed up $1 in China today (SGE/SFE) at ~$34.24/.29. I expect spot move up to keep pace (seems to stay roughly 10% below China these days).

 

[alor]

continue for metals to flow EAST --->E
since 10% is a nice differential

 

[Silver Soul]

The West has nothing as all their gremlins took it all. Sad broke bunch of fiat toilet paper makers .

 

[Sandy Gooch]

Keith Weiner talks silver at the 23:00 minute mark of interview with Charlotte McLeod on investing news newpipe channel. He is a comfortable speaker.

 

[pmbug]

Silver closed up just a few cents in China this morning (for me in the USA). It's a quad witching day here in the USA. Markets likely to be a bit volatile. I expect silver spot to tread water (more or less) today.

 

[STKR]

It's not looking good. I closed my FM positions just in positive anticipating a pullback with the silver price. What a shame. What sham

 

[pmbug]

I did not expect a strong move down in silver while China was still moving up. Very curious to see how this shakes out in the week ahead. Quad witch 1 silver 0.

 

[Silver Soul]

The usual Friday night smack down from the wallstreet whores, so predictable these days.

 

[alor]

painting the charts again on the spots
in the exchange for physical, there should not be much price differential with the bullion stores
it get better for lower prices on the kilo bars, further away from those exchanges
the same way those premium on silver eagles changes.

 

[STKR]

Silver needs to recover from here or we can expect a much larger correction on the monthly charts. We have almost 3 days worth of trading, so it's possible for it shoot up and test the $32.50 again. I dunno, I am rather optimistic for silver overall but it's a wait and see game at the moment. With projected deficits of 400 million Oz's this year, in no world do these markets make sense.

 

[Silver Soul]

That last candle is outside the top Bollinger indicating pos is still in over bought territory for its time period, and with talk of more interest rate hikes near future I can see silver drifting into the low 28s. I posted earlier if the pos starts collapsing into the cloud it will break its trend line and even 28 is very possible

 

[Silver Soul]

^^^ As for silver defisates I don't think the major war players are paying to much attention to this at the moment, their attention is making big money killing young kids on battlefields

 

[pmbug]

Silver closed down ~$0.70 USD in China (SFE/SGE). I don't expect any upwards momentum with spot trading today.

 

[Silver Soul]

One more 1hr candle in my favour piercing the cloud and the DXY tanking and happy days for a trade.

 

[STKR]

Friday night smack up? If we close the week above $30 then I think it's looking good for a solid run up to test $32.50 again next week. Of course, we then get a new monthly candle and it would likely go back into the $29's before shooting up. Fingers crossed

 

[Sandy Gooch]

Next two weeks will be crazy. Last week is the week i will always think...ah, remember when it was 29 and i didnt do anything.