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!
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.
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.
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
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 .
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.