As I’m writing this silver has just pulled back from $34.5 and ounce to under $32. Thoughts? Just a pullback? Going down? About to shoot up? Share your thoughts here
It’s crazy. Started around 24, up to 26, down to 22, back at 23.50 now. Just bought a few ounces under $40 each that when they first went onto the website merely 15 minutes before were 42
Was always going to happen. I see myself buying Unallocated at AUD $25 oz spot by this time next week.
Really? I think we have some potential in this run. Eh, I may be wrong, but its been so uncertain atm and no one really has any idea, when silver goes up by like 10% in one day and then drops by over 10% in the same day and then comes back up by around another 5%
Absolutely insane volatility!! This is just the start of what is going to be a crazy roller-coaster! Please stow your tray tables away, and put your seats in the upright position.
Given silver is up circa 30% since 30 June 2020 and gold is up about the same since March 2020, I'm not getting too bent out of shape over some re-tracement in price right now. At USD1930 and USD23.80 odd at present....I'm still a happy stacker.
Well so far there have been two huge dumps in total of silver contracts - around 9:30pm and then at 3:30am One dump was around 14,000 contracts in total and the other at 3:30am was even bigger at over 16,000 contracts. IIRC these contracts are for 5000 ounces each so someone, from somewhere dumped a total of 150,000,000 ounces in a falling market. Then add in the other contracts dumped just before and after these huge dumps as well. All done to take out the stops, kill the rally, and manipulate the price. No rational person or trader would trade like this ever unless the aim was price manipulation. So the only question is who has the ability to do such manipulation? And of course nothing will ever be done to the ones undertaking such manipulation. If you or I tried something like that we'd end up in the klink.
This is a different animal to 2011. The worlds economys are in a literal obvious death spiral. Not that I was around in this space in 2011.