Silver Price Watch
- Thread starter STKR
- Start date
It needs to hold above the $33 support. If this fails its into hells hole again.
No one dare to put more money in US treasuries, how to get the trillion every 90 days, so interest got to go up up and up. There is no fund left to suppress the silver contracts. They must closed all their positions and all those inventory will be delivered. Empty warehouse will be closed down, later the markets will conclude too. BRICS don*t need paper contracts in the exchanges.
Not alot holding it down on the monthly now. It's in an unusual zone that brings excitement and caution as it moves this way for me.
Those MMAs do look very good for a breakout as they are very tight in the uptrend. If one looks carefully a tight cup and handle has formed over the past 4 years
Those MMAs do look very good for a breakout as they are very tight in the uptrend. If one looks carefully a tight cup and handle has formed over the past 4 years
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3rd Elliot wave so yes.
PoS on the daily, weekly, and monthly charts has not crashed! From what I am reading, they are all still in a positive uptrend. Price action needs time to correct itself to keep the forward momentum healthy it's how the markets work.