Silver?

[Caspertheghost]

On its way back up. Gold 6000 and silver 125 before summer. Gold at 7200 to 7500 16 months from now.

Copper miners are setting up very nicely for the coming boom in that metal.

 

[Robert Mugabe]

Silver stocks and ETFS having a mini selloff, again today.

PSLV $34.33 (▼4.85%) Sprott Physical Silver Trust | Google Finance

Yes. Still whipsawing. However look at this.... go figure
HYMC $42.07 (▲19.48%) Hycroft Mining Holding Corporation | Google Finance

 

[KarlHungus]

Silver overnight markets look healthy, definitely some consolidation in the $80 zone. I'm fairly certain once RSI crosses back into the high 60-70 range, it will try for another MACD gold cross on the daily. Will see through Thursday for any options plays on ETFs to see if there's taste. For now Miners ETFs might be a cheaper, less volatile play.

 

[Robert Mugabe]

Wow, silver is very volatile.

PSLV $33.54 (▼12.13%) Sprott Physical Silver Trust | Google Finance

I think I am done. Tired of shitting my pants when I turn on my computer first thing in the morning. gone down after hours again. How fucking low can it go? Will it ever recover? They are saying manufacturers are finding alternatives to silver. Wish I never got in.

 

[KarlHungus]

I don't think I'll update as much so I'll just give one last bit of review on the charts for what I see;

Daily scale we're seeing that it's looking like it's on a slow step down and Silver would have to look for support fast (Meaning some sort of breaking news or absolute confirmed purchasing of the commodity). I don't see it so there's still volatility in play because of ETF settlements. Futures paints a picture where there's uncertainty which makes sense because most of the physical settlement is dealt with on the large monetary scale between countries holding silver and not demanding repatriation/redemption so far.

Weekly scale it looks not so good as Moving Average, Convergence/Divergence appears that selling is taking order and would cross over as the demand meaning it could see more volatile movements downward in a week or so.

Twelve Trailing month says it's still positive overall so if you bought a year or before you're still good to hold, but there's nothing that indicates right now silver pricing to move upwards other than what I mentioned with repatriation or redemptions from other countries for production purposes (in this case China trying to dominate the metals market).

Do not try to swing trade is basically the big warning. The price seems to be finding support at this point and it's not looking good if you bought over 40. Not until it hits another cycle or moment of crisis.

 

[Robert Mugabe]

Does anyone know that the fck this is doing? I made $130,000 in one month and lost it all in one day. I sold it low and bought back in. Some days I am up a couple of bucks but for the most part it is whipsawing. Almost back to where I started, if I hadn't sold cheap, but never quite clear the hurdle into the green. According to some, it is going to go high again. According to others it is going to crash again.

 

[HungSowel]

I was up 160k with gold and silver, then down 20k, then up 60k, then down to 0, now up 70k. Throughout all of this, I thought to myself; atleast it is not bitcoin.

I am still going to hold my silver, my original plan was to get out of silver when a buying opportunity arose in the stocks that I like. I am still sticking with that plan. I am just waiting for the buying opportunity.

 

[KarlHungus]

Does anyone know that the fck this is doing? I made $130,000 in one month and lost it all in one day. I sold it low and bought back in. Some days I am up a couple of bucks but for the most part it is whipsawing. Almost back to where I started, if I hadn't sold cheap, but never quite clear the hurdle into the green. According to some, it is going to go high again. According to others it is going to crash again.

Well, like I said, without any sort of news it has to trade on technicals to see where they can see volume trading. Moving average diverged again meaning it failed support for and will test again to see if there's support around $75 (USD). If you're trading ETFs, it's extremely volatile because of the shorting that's going on. They will close their position when it's low enough and the strongest support I see is at the $35-40 range.

Stoch RSI on the daily range says it will converge into buying shortly but again, nothing too crazy, maybe a 5% uptick for the week. Lots of selling pressure overall because of the Yen Carry trade and the Japanese election strengthening their currency for the majority expectation of the nation. Assets are weighing too heavily on demand of the greenback and people are afraid with the current US administration falling apart on predictability.