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Silver Monitoring Thread $ (USD) only


ChrisSilver
Message added by ChrisSilver

To discuss the price action of silver in £ GBP instead please see here: https://thesilverforum.com/topic/368-silver-monitoring-thread-£-gbp-only/

 

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  • 2 weeks later...

It is early but it looks lie premiums are already starting to take a hit.  Seeing some coins on web bullion sites selling for 2.99 over spot.  That is a drop from the recent 3.99 levels.....

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Silver Price Forecast – Silver Markets Continue to Show Signs of Strength

 

Silver markets have rallied a bit during the trading session on Wednesday, breaking above the $18 level. By breaking above there, it is highly likely that the market could go towards the $19 level above. That is an area that has caused significant resistance more than once, so it makes sense that a pullback from here and then a recovery makes quite a bit of sense, and that is what we have seen, so that makes quite a bit of sense even if you are very bullish. A break above the $19 level should send this market looking towards the $20 level, an area that is a large, round, psychologically significant figure.

From here - - > > https://www.fxempire.com/forecasts/article/silver-price-forecast-silver-markets-continue-to-show-signs-of-strength-654591

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  • 3 weeks later...
  • 2 weeks later...

A nice little rise (in price) in the past few days. If my memory serves me correctly July and August are usually quite poor for miners and PMs.

 

Edited by onlyroadtoheaven
To prevent any smutty comments!

Currently stacking 10oz Unas and Britannia bars 

 

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So silver has finally breached the psychological $19/£15 level...things could get really bullish from here if this holds, with gold/silver ratio dropping. Then again, gold is also powering towards the $1,900 level, which would be almost as significant.

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37 minutes ago, goldmember44 said:

So silver has finally breached the psychological $19/£15 level...things could get really bullish from here if this holds, with gold/silver ratio dropping. Then again, gold is also powering towards the $1,900 level, which would be almost as significant.

 

gold leads silver. imo gold maybe getting ready to challenge it's all time high is much

more significant than silver making waves near it's lows.

 

HH

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1 hour ago, goldmember44 said:

So silver has finally breached the psychological $19/£15 level...things could get really bullish from here if this holds, with gold/silver ratio dropping. Then again, gold is also powering towards the $1,900 level, which would be almost as significant.

It touched it,  jumped up and poked it's tongue out from behind the wall :Pbut it's still got to actually get over, still a resistance

I'd guess it's coming very soon though 

Edit> might be happening right now 

touched.thumb.png.ebcf68aed6a3294238fc160906e35dc8.png

 

Edited by Kman

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

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These are my final predictions, I'm locking in my answers 

Silver rejected at $19, might touch $18.50 before stabilising at at $18.60, then it's going to push through $19

Gold rejected at $1820, it's going down to touch $1775 before stabilising at $1785 then onto $1900

In a nice coupling gold will probably be touching $1900 around the time silver is breaking $19 

 

 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

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40 minutes ago, Kman said:

These are my final predictions, I'm locking in my answers 

Silver rejected at $19, might touch $18.50 before stabilising at at $18.60,

 

Anyone want lottery numbers?

lotterynumbers.thumb.png.306becf35ff6ed92cce13dcdbb45e755.png

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

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The big big picture technical is starting to look very bullish for silver. 

The last 5-6 years can really be considered as a huge basing period, but we are close to moving out of that.

We have bee trading above the long term moving averages for most of the time for a year now, and now - depending on which moving averages timeframes you like to use - we are close to seeing an upside golden cross with the forming (55wma is about to cross through the 233wma):

big.chart?nosettings=1&symb=SILVER&uf=0& 

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