$25 Silver

Discussion in 'Silver' started by Howmuchfordefish, Sep 14, 2019.

  1. Howmuchfordefish

    Howmuchfordefish New Member

    Joined:
    Sep 1, 2019
    Messages:
    15
    Likes Received:
    3
    Trophy Points:
    3
    Location:
    Perth
    Not far to go! will it keep sliding?
     
  2. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

    Joined:
    Jun 23, 2010
    Messages:
    1,772
    Likes Received:
    611
    Trophy Points:
    113
    Watch for the swing. The next leg up I'm betting on being quite exciting. 10/30 MMA are loaded
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Can you please elaborate on the 10/30 MMA?

    I didn't expect such a sharp drop in just 1 day, but everyone is looking forward to $17 or even sub-$16 this month. Interestingly, despite the smack down, both silver and gold price is the same today as on the 23rd august!
     
    66rounds likes this.
  4. openeyes

    openeyes Well-Known Member Silver Stacker

    Joined:
    Aug 26, 2014
    Messages:
    1,275
    Likes Received:
    1,032
    Trophy Points:
    113
    Location:
    Canberra
    Yesterday was quite a retrace. Feels like we have a bit further to go yet. As for the next leg up we will have to see how that goes. One can but hope. The charts look promising at least.
     
  5. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

    Joined:
    Jun 23, 2010
    Messages:
    1,772
    Likes Received:
    611
    Trophy Points:
    113
    Yes I can. Swing traders use the 10 and the 30 multiple moving averages MMA on charts to look for the bottom or the swing after a downturn. The internet is full of this info this so I will keep it simple. The long term chart has 3 white soldiers so this is indicating a strong rally up after the swing.
     
    Last edited: Sep 14, 2019
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    You're in luck, silver may swing up coming monday asian trade opening.

    https://www.aljazeera.com/news/2019/09/mbs-tells-trump-saudi-respond-attacks-190914192436368.html
     
  7. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

    Joined:
    Jun 23, 2010
    Messages:
    1,772
    Likes Received:
    611
    Trophy Points:
    113
    In light of recent events I think you will be right. I'm betting on a bounce. But will watch carefully its not a dead cat bounce. Bring on Monday, and let's see how that market reacts .
     
    sgbuyer likes this.
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Maybe, but I'm not waiting till monday, just put in an order for 50 ounces. If it falls further, I'll just cost average down.
     
    66rounds likes this.
  9. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    And yep, it bounced up on the open:

    upload_2019-9-16_10-9-27.png
     
    sgbuyer and 66rounds like this.

Share This Page