Predictions for tomorrow morning/ into next week?

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prince_of_sales

New Member
So after the biggest 1 day loss in 30 years for silver, should we expect a bit of a rally or not?

At the rate we're going we will be visiting the 20s next week, possibly even the early 20s.
 
prince_of_sales said:
So after the biggest 1 day loss in 30 years for silver, should we expect a bit of a rally or not?

At the rate we're going we will be visiting the 20s next week, possibly even the early 20s.
Click to expand...

I pray that you are right!
 
I think it will drop soon as trade opens, but will probably slowly pull back a little maybe in later trading or the day after. It has copped quite a hammering and while Id love it to drop to the Mid 20s i dont think it will..
 
Further drops, to about the mid twenties where it'll find resistance.
I think the biggest drops will come from Gold this week though.
 
Showers to mid morning freshening to a sunny afternoon, moderate SSE winds and a clear night :D
hows that for a prediction? ;)
 
I'm with Retarded Monkey.

I think Silver will now begin a series of small movements, up, down, sideways, but trend lower in the coming days.

Gold is on notice though. It held up (in my opinion) very well indeed - which can mean one of two things... (1) It's about to get hammered (a.k.a. get ready to back up the truck), or (2) There is a lot more fear out there than we imagine, and those that are holding and can afford to continue to do so (that is to say, it's not leveraged with margin increases they can't cover) are going to continue to hold. Either way, I would not be surprised to see an easing in the Gold price, though I sincerely doubt the movement will be as swift or dramatic as we've seen in the Silver market.
 
Sound like Melbourne weather..So silver will be up and down. See I am a novice at the markets. I thought it moved side to side.
 
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