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Either we will see higher volatility going towards new highs in silver now or it will continue on a long term uptrend. The Biden stimulus should however have an impact and result in greater inflations and therefore mean that silver will be valued higher towards the dollar. If it doesn't, then silver isn't connected to fiat and geopolitics and therefore broken and...
Get ready to sell your ass!
Eindspel for the big ones What’s happening now in the retail market is they’re going after the silver shorters, who are basically bullion banks
📌 ridethepig | Silver Slingshot Attacking the highs several times • The protecting sellers get in each other's way! • How to maintain the momentum • The birth of fresh strength • Reassessment as an invalidation Since after: The move has been very promising, buyers should, as has been emphasised a few times, have played the momentum trigger. What is the...
Silver seems to be moving well let's wait and see since now my risk is above 0
This long term silver chart shows how speculative the metal is. If we look at the Hunt brothers debacle in the 80s where they tried to corner the market it led to disaster. The attempts by the Reddit crowd to send it up would normally fail. We must be aware though that this price move could carry much further due to the devaluation of money in general. Gold is...
The technical level is very interesting right now, close to a break-out upwards that could go back to previous high on 29-30 and perhaps past it. I'm long.
Ascending triangle on 30m TF Could rise to indicated level Comments and/or suggestions highly appreciated:)
Silver managed to get above the resistance at $27.50 and is trying to settle above the next resistance level which is located at $27.75. If silver gets above this level, it will head towards the next resistance at $28.30. RSI is in the moderate territory, and there is plenty of room to gain additional momentum in case the right catalysts emerge. In case silver...