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.

 

[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.

 

[JohnnyBravo300]

Silver forming another bear flag on the hourly.

 

[jultorsk]

Brutal.

 

[betterinvestmentthanshare]

I’m expecting as low as $5600-$5700aud before climbing to new ATH late this year or early 2027

 

[ozcopper]

My bottom target was $5400.

 

[betterinvestmentthanshare]

Inflation is still high
Oil price is still high
Electricity prices are high and climbing
Property prices are still high and climbing
Stocks are dangerously overvalued
Taxes are high and new ones introduced
Government bond yields are rising
Interest rate going higher
Debt is exploding in both sectors
AUD @ .69c
Gold selling off to meet liquidity demands
Population Mass Psychosis still thriving

Eastern Central banks continue to buy gold by the ton

Reminds me of Sesame Street
One of these things is not like the others