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Massive volatility has entered the Silver market with an intraday sell-off over 30% on Friday.
Speculative weak hands (who came late to the party and saw Silver as a way to earn some more fiat) got flushed out of the trade, and will get flushed out again and again as this bull market continues in the months and years to come.
Keep an eye on the moving averages, as the 50-day appears to have caught a falling knife on Friday in both Spot Silver and the Gold/Silver Ratio.
@SilverStackers (Apple banned)
@SilverStackersSS (Main channel)
@SilverStackersVideoArchive
Speculative weak hands (who came late to the party and saw Silver as a way to earn some more fiat) got flushed out of the trade, and will get flushed out again and again as this bull market continues in the months and years to come.
Keep an eye on the moving averages, as the 50-day appears to have caught a falling knife on Friday in both Spot Silver and the Gold/Silver Ratio.
@SilverStackers (Apple banned)
@SilverStackersSS (Main channel)
@SilverStackersVideoArchive
⚡Silver Stackers⚡
Massive volatility has entered the Silver market with an intraday sell-off over 30% on Friday. Speculative weak hands (who came late to the party and saw Silver as a way to earn some more fiat) got flushed out of the trade, and will get flushed out again…
Silver and the Gold/Silver Ratio are both chopping sideways from Friday's lows... but they're still respecting the 50-day moving average on the daily chart.
As long as the 50-day moving average holds, then the bull market will continue after getting through this pullback noise.
If the 50-day breaks, then a somewhat longer consolidation phase is in play, possibly for several weeks or months.
Overall however, fundamentals are in favor of a Silver bull market, with a multi-year supply deficit, increasing industrial demand, central bank + ETF demand exploding, and a retail crowd showing early signs of getting back into metals.
t.me/SilverStackersSS
As long as the 50-day moving average holds, then the bull market will continue after getting through this pullback noise.
If the 50-day breaks, then a somewhat longer consolidation phase is in play, possibly for several weeks or months.
Overall however, fundamentals are in favor of a Silver bull market, with a multi-year supply deficit, increasing industrial demand, central bank + ETF demand exploding, and a retail crowd showing early signs of getting back into metals.
t.me/SilverStackersSS
The absolute Blitz up to $121 and record-breaking coordinated sell-off down to $71 were all totally worth it just to hit $88 all over again.
Enjoy it Stackers, you've earned it o/
t.me/SilverStackersSS
Enjoy it Stackers, you've earned it o/
t.me/SilverStackersSS
Silver is sitting right at the 50-day moving average on the daily chart.
This is a key support level... if we move below the 50-day and stay below long enough for confirmation, then the next key support is near $53-55 at the 200-day moving average.
These are much needed opportunities to add more physical to your Stack.
New all-time highs are coming, but have been delayed for a little while.
t.me/SilverStackersSS
This is a key support level... if we move below the 50-day and stay below long enough for confirmation, then the next key support is near $53-55 at the 200-day moving average.
These are much needed opportunities to add more physical to your Stack.
New all-time highs are coming, but have been delayed for a little while.
t.me/SilverStackersSS
There is definitely more than 500-600 million ounces of above ground Silver coin and bar... maybe closer to 3.5 billion... but that still leaves less than 1/2 ounce per "person" on earth.
Now, if only counting real people, and not the nons... it averages 3 ounces per person.
Yes, you heard that correct, if you possess more than 3 ounces of physical Silver, then you are automatically an above average White Person 💪🏻
t.me/SilverStackersSS
Now, if only counting real people, and not the nons... it averages 3 ounces per person.
Yes, you heard that correct, if you possess more than 3 ounces of physical Silver, then you are automatically an above average White Person 💪🏻
t.me/SilverStackersSS