Buy silver before it’s too late

Discussion in 'Commodity Futures' started by Master Pu, May 15, 2022.

  1. Screenshot 2023-04-14 at 12.45.33.png
     
    #41     Apr 14, 2023
    BKR88, murray t turtle and maxinger like this.
  2. maxinger

    maxinger

    #42     Apr 14, 2023
    murray t turtle and Master Pu like this.
  3. Overnight

    Overnight

    That is a messed-up chart, that is a LOT of ticks to the upside!
     
    #43     Apr 14, 2023
  4. QE4EVER.

    We are likely heading for a decade of inflationary spikes. They can try to fight it, but self-preservation usually wins.
     
    #44     Apr 14, 2023
  5. Still an almost 20% premium on a 100 oz bar. It seems like there would be a lot of money to be made buying on Comex, taking delivery, and chopping up the bars.
     
    #45     Apr 14, 2023
  6. SunTrader

    SunTrader

    Sliver has been outperforming Gold since the early March lows, but I think it is likely both are in the process of correcting recent uptrend - Gold on the order of $50.-$150 downside and Silver $0.50-$1.50 over next few weeks. Then see maybe at that time resumption of uptrend.
     
    #46     Apr 15, 2023
    Master Pu likes this.
  7. schizo

    schizo

    I think there's a decent chance that we break out above. In that case, price target will be 36 and change.

    upload_2023-4-15_18-3-22.png
     
    #47     Apr 15, 2023
    murray t turtle and Master Pu like this.
  8. Didn’t see that, cheers! I think it’s heading to $50 and possibly beyond, we are looking at inflationary spikes for a decade. The monthly chart you posted has a signal within it, not on your chart, that is one of the best indications I used for years now. It’s going up baby :)
     
    Last edited: Apr 15, 2023
    #48     Apr 15, 2023
  9. 12 monthly charts of gold and silver. How often we look at these? I found them both interesting.
     
    #49     Apr 15, 2023
  10. SunTrader

    SunTrader

    I almost always truncate spike reversals and use spot price, rather than futs continuous charts, for long term view:-
    ! Spot Silver.png
     
    #50     Apr 16, 2023
    murray t turtle likes this.