Silver dipped again today, just below the 50-day moving average (on a daily chart).
There appears to be a reverse head and shoulders forming, which would signal a major move to the upside in the next week or two.
There's also the possibility that Silver continues to consolidate sideways at or near the 50-day; and there's potential downside risk with the 200-day moving average in the low 50's.
This bull-run is certainly not over; but it does appear to be clearing out a lot of the speculators who entered the market in late December and January.
t.me/SilverStackersSS
There appears to be a reverse head and shoulders forming, which would signal a major move to the upside in the next week or two.
There's also the possibility that Silver continues to consolidate sideways at or near the 50-day; and there's potential downside risk with the 200-day moving average in the low 50's.
This bull-run is certainly not over; but it does appear to be clearing out a lot of the speculators who entered the market in late December and January.
t.me/SilverStackersSS
🔥14👌10👍5
Forwarded from AKB
Another day to be thankful to God, for our silver and the very air we breath
Forwarded from D Nice
Just got my 5 ounces at spot deal in from SD Bullion. They said it would be filled with whatever they had on hand, and may show signs of wear and aging. So I just figured it’d be some haggard looking prairie niggers. Was pleasantly surprised to find this bar in the package instead.
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The ping test is one of the best low-tech methods to check a coin's metal content.
A copper, lead, tungsten, or other base metal core will never sound the same as the real thing.
Each of the precious metals has a distinctive sound that is unmistakable to the trained ear.
t.me/SilverStackersSS
A copper, lead, tungsten, or other base metal core will never sound the same as the real thing.
Each of the precious metals has a distinctive sound that is unmistakable to the trained ear.
t.me/SilverStackersSS
⚡24
Silver is back above the 50-day moving average again, and appears to be breaking above a wedge pattern.
It's difficult to draw lines on any chart that has moved so far so fast; but this recent pullback and consolidation provides the market with a much-needed sense of price discovery and support for buyers to reenter with confidence.
A daily close above the 50-day on Friday and again on Monday will signal a breakout, and likely attract renewed attention from market traders who were stopped out with the aggressive sell-offs during the past 3 weeks.
t.me/SilverStackersSS
It's difficult to draw lines on any chart that has moved so far so fast; but this recent pullback and consolidation provides the market with a much-needed sense of price discovery and support for buyers to reenter with confidence.
A daily close above the 50-day on Friday and again on Monday will signal a breakout, and likely attract renewed attention from market traders who were stopped out with the aggressive sell-offs during the past 3 weeks.
t.me/SilverStackersSS