Silver price just topped $75!

[cottonant]

The SLV chart looks like s__t (for us longs); and SLV is trading around $64.00 in premarket. If it breaks below the 12/31 low of $63.53 the next test could very well be the 200 MA’s between $51 & $56.

 

[TheGrayRider]

Dumped short side of paper silver (ZSL) at a profit this morning. Probably sold too early but can’t get greedy.

Take the money and run. I might buy physical silver if spot hits $40 or lower again.

Good luck to all trading the Devil’s Metal, TheGrayRider a/k/a Tom.

 

[Silver Wings]

The SLV chart looks like s__t (for us longs); and SLV is trading around $64.00 in premarket. If it breaks below the 12/31 low of $63.53 the next test could very well be the 200 MA’s between $51 & $56.

I’m out on SLV at this level. My plan is to get back in when the spot hits the $50s. Not that there won’t be a decent bounce off this level, there very well could be. I feel like the support mid $50s warrants a pretty good wager, so I’m holding off until then.