I'd be interested to hear what everybody here thinks will happen with the silver price over the course of the next three days (wed, thu, fri) ? The price has already pulled back today from the heights of yesterday... do you reckon it will start rising again and reach new highs by friday or do u reckon that it should continue pulling back for the remainder of this week? and why?
it'll go up really fast... then down really fast. Possibly some right but I am sure we will not see left at the end of the day (or week, or year) it will be mostly up
Personally, I think we will see alot of ups and downs throughout March. By the end of March we should probably hit 40. I see shorts having to cover (not necessarily JPM shorts, but other shorts that cannot settle in cash). Over the next 3 days, I would think this trend will continue, pull backs may occur, but won't be greater then 2 dollars. I think it would be around 37.5 by Friday, only my gut feel. Slam
i'd be really keen to someone do up a chart, i stopped my advanced charts on IG last month so have lost my chart i did a few weeks back. from memory this run had a top of channel price arpound 39.5 and a bottom of channel price around high 36. can't remember what date i had but it was somewhere mid march. anyone got a chart on hand?
from the price action and rises during the oct, nov and dec getting into the 38's was very likely. so wish i had my chart.