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HH Silver is still being manipulated. It is difficult to buy bullion at any prices near $20 and physical is running out. Time will tell of course. You can of course buy paper.
Either way far better than Krapto or any of the miners. ARB is a good example.
the thing is with Silver is that is VERY volatile.. clearly the Bears are in charge for the moment.. but the fundamentals will eventually win out should they try to suppress it beyond its physical limitations.. (which some say is already happening) usually when the the bulls give up and capitulate we will see the best time to buy in again.
Look at EH.. abandoned becuase the price was so low they just walked out the mine !!
Unfortunately Hh that's because it's manipulated by Goldman Sachs and other's and that's not going to change.
& for whatever reason, it's still hard to buy physical??
Well it seems the silver price low of mid May was just another stepping stone on the way down as it's now below $20/oz
Norm did you buy an algo trader or build one? Has it made you money? Seems algo trades are >60% of trades on the S&P500 - did they all kick in during the last couple of hours yesterday? Or was it orchestrated to stop the weekend headlines shouting bear mkt?
Max... just to qualify.. Im not a Silver bear, im not sure why you think that ?... I actually said that none of us have a clue what will happen to the silver price... but long or short my algo will trade it.. ;-]
My personal view is that i would like it to go through the roof... but im not in control of it..
I heard somewhere that the hedge funds are net short and the banks are long... the banks always win in the end... hopefully soon.. as the S&P is officially into a bear market... gulp...
I wouldn't claim to know where something as volatile as the silver price is going in the short term and certainly wouldn't buy or sell based upon either my own guesses or the somewhat arbitrary lines others draw on charts to support their bold claims...
...but, although the market repeatedly makes fools of those making predictions, it wouldn't surprise me if the price of silver broke below the low of May 13th relatively soon, and it is in my mind as an outside possibility that it may eventually bottom around $18/oz before moving up again in 2023.
It seems a safer bet to say it will be moving measurably higher over the next decade or two than the next month or two!
IMO the bottom in silver was in on 13th May.
The traders that don't think so are:
myavian, Chris2, Wents & norm.
Anyone else?
@mytroll, I'm not a Technical Analyst, I only refer to other TA's. Do you think you are better at TA than Graddhy?
Let's see if my cheeky top up is marked as a Buy or Sell? What I will say is that it had lots of zeros ;-)
I would imagine Max would be equally pleased :-)
(Damned mobile not so smartphone...)
I would Max would be equally pleased :-)
None of us have a clue. That's the only fact . :-).
Have a good weekend.
Silver will fly next week…such restraint, Max111. Are you sure it won’t skyrocket in 5 minutes? Imagine it did, and you didn’t call it!
I can see a rise then back down again
Before a massive high
But it’s coming for sure
The signs are getting stronger
"That sure does look like a big ass #bullflag on $SILVER.
And it is pretty interesting that the measured move for the bull flag, as a halfway pattern, is exactly up to ATHs."
https://twitter.com/graddhybpc/status/1527622769722150914
Once we get past today's silver Options Expiry, we should be flying next week.