$25 Silver

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

  1. Howmuchfordefish

    Howmuchfordefish New Member

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    Not far to go! will it keep sliding?
     
  2. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    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

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    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!
     
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  4. openeyes

    openeyes Well-Known Member Silver Stacker

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    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

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    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

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    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

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    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 .
     
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    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.
     
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  9. SilverDJ

    SilverDJ Well-Known Member

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    And yep, it bounced up on the open:

    upload_2019-9-16_10-9-27.png
     
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