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 Replies: 3,128 / Views: 104,269 |
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Moderator
 United States
193531 Posts |
Quote:
Well look at that, Silver closed the regular session at $68.82 so there might actually be something to this zone that Silver likes.  Quote:
If nothing else happens tonight and Silver opens in this range tomorrow then I suspect it will be settling in to the upper $60's for a while.  Quote:
I could see Silver chopping in the range between $66 low to $70 high until then.  |
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Pillar of the Community
 United States
5947 Posts |
Oof! Looks like the night crew dropped the ball last night and let silver slip back into the ~$67 range.
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Pillar of the Community
United States
1255 Posts |
Yeah the night crew was a bit violent or "volatile" as we say. I saw them take it within 1.5 cents shy of $70. Silver hit $69.985 around 10pm  Then they literally slammed it back down to exactly $67.50  It's been fluctuating around $68 since then. Sometimes you can get a read of what the day's price range is going to be just by looking at the overnight 'High' and the overnight Low. One or both will likely be revisited today, question is which one. Edited by Harry213
Today 4H 34M ago
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Moderator
United States
193531 Posts |
The night crew had one job.  |
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Pillar of the Community
United States
1255 Posts |
Quote:
Sometimes you can get a read of what the day's price range is going to be just by looking at the overnight 'High' and the overnight Low.
One or both will likely be revisited today, question is which one. Looks like they chose $67.50  Looking at what the average daily move has been we're looking at a $2 range so $66.50 to $68.50 is where my money is for today. Edited by Harry213
Today 2H 58M ago
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Moderator
United States
193531 Posts |
I like that better than $56.50 to $58.50.  |
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Pillar of the Community
United States
664 Posts |
Indeed jbuck.
Given the collapse of trade negotiates with Canada and now a "trade war," the continuing war with Iran, stubborn inflation, upcoming elections, etc. there is a lot of instability and uncertainty. My sense is that we will see an upward slope for the most part for the remainder of the year.
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Moderator
United States
193531 Posts |
Quote:
My sense is that we will see an upward slope for the most part for the remainder of the year. |
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Replies: 3,128 / Views: 104,269 |
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