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 Replies: 2,801 / Views: 89,867 |
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Pillar of the Community
United States
1128 Posts |
Quote:
Silver is doing the sideways chop in ~$59 after the bump. European Market's just closed and we're still pretty stable. Today's an Op Ex day so the market maker's might pin the price this afternoon. I don't expect there will be too much more profit taking today, since we haven't really gone anywhere this week and there hasn't been any bad news today that I'm aware of. But one never knows what could happen. I can however imagine the Shorts might start closing their positions at end of day (meaning they buy them back) so we might even see another little bump Up this afternoon at the close.  Either way we'll start fresh on Monday, with some good news hopefully, or at least no more bad news for Silver and Gold.  Edited by Harry213
06/26/2026 12:34 pm
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Moderator
 United States
189767 Posts |
A fair analysis.  |
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Moderator
United States
189767 Posts |
The sideways chop has a moved with a subtle decline this afternoon. |
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Moderator
United States
97930 Posts |
yep, lets see what happens over the weekend that could have effects on the market on Monday.
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Moderator
United States
189767 Posts |
Still up for they day, but it just dropped back into the ~$58 zone. |
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Pillar of the Community
United States
1128 Posts |
Quote:
The sideways chop has a moved with a subtle decline this afternoon. July Silver future's opened at $58.02 and closed at $58.45 how exciting. Like watching paint dry.   Reminds me of when I was selling covered call options in SLV back around 2021.  I would buy 1,000 shares of SLV at $20.27 per share (just for example) and then turn around and sell Covered Call contracts against those shares for $22 a share with a 1 month expiration. It would take about 3 to 4 week's for Silver to move $2 and close above that strike and have my shares called away. So boring and not worth my time that I gave it up and just traded more exciting and profitable stuff. Today was like a Deja Vu of when Silver was so stable it barely moved. Anyone expecting a big move up or down next week may find themselves disappointed. I don't sell Covered Call options anymore because of that. Now when I trade options I sell Credit Spreads or buy naked Calls and Puts. This weekend a lot of people will have the chance to buy Silver at $58-$59 bucks, something they have not been able to do since November December of last year. Edited by Harry213
06/26/2026 4:39 pm
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Moderator
United States
189767 Posts |
Quote:
Today was like a Deja Vu of when Silver was so stable it barely moved. Anyone expecting a big move up or down next week may find themselves disappointed. I am prepared to be disappointed.  Quote:
This weekend a lot of people will have the chance to buy Silver at $58-$59 bucks, something they have not been able to do since November December of last year. |
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Pillar of the Community
United States
1128 Posts |
Quote:
Still up for they day, but it just dropped back into the ~$58 zone. I just checked again after stock market closed and COMEX trading took it up a little more to close at $59.16 Maybe some of that end of day short covering I mentioned earlier  or a sign we'll see $60+ Monday  |
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Moderator
United States
189767 Posts |
I wold like to see ~$60 on Monday because I like that as a stable zone more than I do ~$50.  |
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Moderator
United States
189767 Posts |
Not much going on today. Maybe it will be an uneventful week. |
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Moderator
United States
189767 Posts |
Pretty boring day. Lots of sideways chop. See you in the morning.  |
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Moderator
United States
189767 Posts |
A little dip to ~$56, a bump to ~$59, but settling in that ~$58 zone again. Yawn. |
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Pillar of the Community
United States
1128 Posts |
Quote:
Not much going on today. Maybe it will be an uneventful week. Yup, it's back to watching paint dry. Very small moves. A dollar up, then a dollar down. Nothing exciting on the calendar this week that could potentially move the markets except for the job's report Thursday morning, and of course any new middle east headlines that might pop up. A lot of people are still bearish on Gold, with calls for prices in the lower $3000's zone. Something to watch closely for since wherever Gold goes Silver tends to follows. |
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Moderator
United States
189767 Posts |
We popped up to ~$60. Stayed there for a moment, little dip to ~$59 now.  |
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Moderator
United States
189767 Posts |
The sideways chop around the upper end of ~$59 continues. |
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Replies: 2,801 / Views: 89,867 |
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Posted 06/26/2026 12:06 pm
