Best Day For Pm's?

Depends. I've seen Friday higher and lower. I get the closing price emailed to me everyday. That may help you out

While I have not studied silver prices vs. day of the week, it seems to me that there is just too much going on in this market to say that any particular day is good or bad for buying or selling.

Wow! Did you figure that or was it written? Just wondering. They say the stars planets and moon really do have influence. We shall see only a few days away!

That is some detailed analyzing when one figures in the moon phases an ocean tides, when it comes to predicting the habits of Pm's, lol....

I have watched the markets dayly for a good while now. No I do not see a correlation from the day of the week. Specifically mondays check its histroy there are plenty of times monday closed higher then friday.

However you can OFTEN find a correlation from day to day. I.E 30 minutes after hong kong opened about a week ago it had a violent drop, then a climb right back to where it was just as NY came online. this trend happened the next day identically. It made for huge gains trading short term and little 2 or 3 day straight predictable spikes are quite common looking at PM history.

The other very predictable movements for when trading minute by minute are the yo-yo for huge drops and huge up spikes. Anytime there is a quick or instant drop or gain of a significant amount (say 20 cents or greater) it will stop then has an almost equally as violent reverse surge. Not necessarily to its original point but at least a reverse back of 20%. Typically you only have 7-25 seconds to sell/buy right at that point then you will need to buy/sell even faster once it gets its reverse bounce. However if you watch chars minute to minute its a very predictable cycle that if you have the time and patience you can get monster gains.

About the only common thread I have noticed is that a lot of traders do not want to be "letting it all hang out" on Fridays. The idea of being fully invested over the weekend when they can't make any changes in their accounts seems to be more than they can handle. Exceptions to this abound, however. It would be interesting to know how Monday vs. Friday does for up vs. down over the course of a year or longer. Not that I would use this in investing but it would be an interesting factoid.

A buddy of mine from work Johnny Knuckles (I always accuse him of being a Mofia hit-man who will break ya knee caps if ya don't pay on time, or tick him off or something even though he is a nice fellow who wouldn't hurt a fly, lol), has taken five grand of his college loans an invested it into a whole portfolio of things, (a lot of silver), and even like 7 shares of British petroleum, lol....

Anyhow, I will give him credit for not panicking an selling when the Joe recently went splat on the Wall street fan, or at least 95% of the investment anyway, as he did sell a little. Now, he is starting to see some gains again, but I warned him be careful with that river boat government loan gamble, lol....

I will say this about that gamble, most people go into debt, and have nothing to show for it. Like wasting it on food, vacation, drink, gas, groceries etc.. All things we need some time or another, but if you are gonna go in debt, I figure make sure you get something you can covert back into cash when need be to get out of debt, like physical Pm's, or some solid shares in a well researched company with a solid foundation, land, or something along those lines. No guarantees of course, but better than wasting credit again on nothing to show for it....

And to the tread question, it seems like Wed an Thursday can get real ugly, with a bit of a bounce recovery on Friday. Followed up with another fall Monday, or at least that is the most recent crazy pattern from most recent weeks....

I can see all kinds of psychological issues for up and down movements for Fridays vs. Mondays but what I was looking for was some data on this. Is Friday a better day to buy and Monday a better day to sell on average or is it the reverse. I am sure that there are scads of examples of both but an average could be useful if used over a long investing period. Perhaps I will spend some time prowling the Kitco data to see what can be found there.