Midnight to 6am - Overnight Spot Watchers Spot...

[trew]

Wow 8% daily drop and no comment.

We are pretty much at the 200 day MA - bounce up from here or is this the start of the real collapse ?

I have expected it might go back to the previous ATH of $50 USD at some point and probably lower before finding a new base.
My view is biased, however, with the experience of expecting prices to go higher from 2011/2012 and instead watching it fall for 5+ years.

 

[ozcopper]

Seems like there is not much interest in the metals at the moment.

 

[leo25]

Silver specifically shouldn't have ran up so high based on FOMO. Noobs came and left.

 

[sammysilver]

I think it’s more about liquidity. Money is flowing into oil and the expectant IPO’s.
People aren’t buying silver rather than people selling silver.

 

[Shaddam IV]

Sad thing is that I probably won't find anything to buy that also had an 8% drop in the selling price!

 

[jultorsk]

I think it’s more about liquidity. Money is flowing into oil and the expectant IPO’s.
People aren’t buying silver rather than people selling silver.

Sounds plausible - AI stonks and SpaceX IPO sponging all the liquidity.

 

[jultorsk]

Sad thing is that I probably won't find anything to buy that also had an 8% drop in the selling price!

Have you considered cryptos? (joking)

 

[JohnnyBravo300]

Its accumulation time again.
Turn your shorts into gold for cheap. Its a win win!

 

[JohnnyBravo300]

With the h and s playing out on the daily and the second shoulder forming, could even hit sub 60 usd!
Will it go to 50 after that?
If a big market crash happens i bet everything would drop more and anything is possible.