Silver has been slaughtered recently. It start falling from 18.5$ where is the resistance on April 17 all down to 16$. Now this is obviously manipulated by big banks or whoever. It is the most undervalued asset in my opinion even more than gold. I am talking about physical silver.
Anyway i am waiting patiently for silver to come down to 15.7$ where is the strong support to enter. Since this is manipulated big time my stop loss will be probably around 15$ and take profit around 18$. I am going big on this. On my chart it is obvious that this thing is oversold. Silver has been falling for 15 day straight or something like that which is ridiculous.
If you are long term investor on physical silver than you should buy buy and buy :). If you trade paper asset like SLV or you trade whit CFD than you should know what you are doing and have proper education about this things.
Maybe i should publish some info about that. I have a friend working for hedge funds and gave our group a chart depicting what you wrote about. To easy to control the market with dark pools...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do it :).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very informative article @bloomberg215 :))
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Tnx.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sound strategy, just don't wait too long! Fine line between waiting for an intermediate cycle low & chasing an entry point, hard to get in at the bottom so sometimes compromising slightly is ok. I bought another 30 oz at $16.50 to be safe..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Tnx for info. The think is that silver is still under pressure. I moved my enter to 16$.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Fair play man, if we hit $15.90 i'll buy another 30
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit