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.

 

[TheGrayRider]

If spot silver hits $30 soon then I am betting the farm!

 

[cottonant]

$30 would be a crash but who knows in this crazy market. I was long SLV via short 4/17 $58 Put contracts that were 3 times what I sold them for so I decided to cut my loses this morning and bought them back for a loss.

Like TheGrayRider said above: Good luck to all trading the Devil’s Metal!

 

[TheGrayRider]

Physical gold and physical silver are starting to look more appealing at current prices. Silver spot could break below $60 soon??

Good luck and happy hunting to all, TheGrayRider a/k/a Tom.

 

[doc holiday13]

damn. Big drop from christmas time. Kinda wish i sold some but if I knew the future i guess i'd be a much richer man.

 

[Big Sky Guy]

damn. Big drop from christmas time. Kinda wish i sold some but if I knew the future i guess i'd be a much richer man.

never sell!

Wonder if that was the big silver squeeze Wall Street silver Reddit folks have been preaching for years to stackers, or is the best yet to come?

 

[Rich M]

never sell!

Wonder if that was the big silver squeeze Wall Street silver Reddit folks have been preaching for years to stackers, or is the best yet to come?

That was a great opportunity IF you could sell. That $20 silver coin selling for over $100. Silver down around $60/oz right now. Coins selling retail for $70-$80.

 

[Silver Wings]

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.

At $59 now
I’m buying starting at $54

 

[Northern Outback]

Hopefully it keeps dropping.

 

[TheGrayRider]

Gold may break below $4,000 per ounce tomorrow. Closed around $4,021 per ounce today.

Worst quarter for gold in over 13 years. Buying opportunity??

 

[grfox92]

I was making good money on Silver futures for the better part of Q1. It was basically mirroring Gold. I could take the same trade on gold and silver at the same time with the same results. For the kast 2 months silver is an unpredictable turd. I dont even have the chart open in my platform anymore. Volume is all but gone and price is moving ridiculously slow.

The Nasdaq on the other hand had been an animal.

Sent from my SM-S931U using Tapatalk

 

[MountainTracker]

China has removed the ability to paper trade gold. You can still purchase physical gold there.


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[MtnW]

China has removed the ability to paper trade gold. You can still purchase physical gold there.


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I don’t think China eliminated the paper trade on gold but instead substantially increased the leverage requirements on future trading. Along with that they have made it easier and encouraging the working class to purchase gold.

 

[grfox92]

China has removed the ability to paper trade gold. You can still purchase physical gold there.


Sent from my iPhone using Tapatalk

Thats wild because I am currently as I type this, trading gold in Asian session market open

 

[Hnthrdr]

I don’t think China eliminated the paper trade on gold but instead substantially increased the leverage requirements on future trading. Along with that they have made it easier and encouraging the working class to purchase gold.

Seen a lot of fake bullion in China… I would be way suspicious of buy any physical metals from there especially over the interwebz

 

[MtnW]

Seen a lot of fake bullion in China… I would be way suspicious of buy any physical metals from there especially over the interwebz

No kidding. I have spent a fair amount of time in China. They fake and scam about everything imaginable.