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 Replies: 2,863 / Views: 93,660 |
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Pillar of the Community
United States
1140 Posts |
Sellers appear to be throwing everything including the kitchen sink at Silver. Another huge volume spike at 8:30 followed by some red.  |
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Pillar of the Community
 United States
5883 Posts |
Sadly, it doesn't look like it will be able to hold $86 as it seems to be gradually softening back down to $84.
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Pillar of the Community
United States
1140 Posts |
 This is the Silver futures chart. You can see the big volume spikes at the bottom at around 7:30 and 8:30 both coincide with the red candles in the chart. Heavy selling pressure. |
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Pillar of the Community
United States
1140 Posts |
Quote:
Sadly, it doesn't look like it will be able to hold $86 as it seems to be gradually softening back down to $84. They're definitely beating it down  But the day and the fight is not over for Silver |
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Moderator
 United States
190660 Posts |
We are seeing a test of how well the $80 level is going to hold.  |
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Pillar of the Community
United States
1140 Posts |
The high volume beat down continued until around 10 am, buyers managed to hold on though and are pulling it back up now. Would be nice to see it close near $86 today. |
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Pillar of the Community
United States
1800 Posts |
I'd be great to stay above $80 until the end of the month.
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Pillar of the Community
United States
1140 Posts |
 A steady, sideways chop for a few weeks within this current range would be healthy for the metals markets, and something I would embrace.  |
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Pillar of the Community
United States
1140 Posts |
Keep in mind that as Silver approaches the $86 zone, the likelihood increases that it will naturally move towards the higher levels of $90, $100, and $114. The Bears are incentivized to prevent this.  |
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Pillar of the Community
United States
2874 Posts |
IMO, silver is consolidating & putting in a new bottom. According to BofA analyst Michael Widmer, he's calling for $309 per ounce. Why Silver Is Going Up And Why Bank Of America Predicts $309 Price in 2026 https://www.tradingview.com/news/fi...%20%2481.50. |
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Moderator
United States
190660 Posts |
Quote:
Would be nice to see it close near $86 today.  Quote:
I'd be great to stay above $80 until the end of the month.  Quote:
IMO, silver is consolidating & putting in a new bottom. According to BofA analyst Michael Widmer, he's calling for $309 per ounce.  |
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Pillar of the Community
United States
1140 Posts |
I can confirm that the data indicates Silver is attempting to establish a floor. The 30-minute intraday volume profile's point of control (POC) has shifted again since this morning, now residing around $83.74, which validates the significant trading volume observed in this zone since Sunday.
Cycling through different time frames reveals other areas of concentrated high volume: $92, $100, and $114 to the north, and $76 and $59 to the south. All areas that need to be worked through when the time comes.
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Pillar of the Community
United States
5883 Posts |
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According to BofA analyst Michael Widmer, he's calling for $309 per ounce. Stop that! You're going to give me the vapors...  |
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Moderator
United States
190660 Posts |
Quote:
I can confirm that the data indicates Silver is attempting to establish a floor...  Quote:
Cycling through different time frames reveals other areas of concentrated high volume...  |
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Moderator
United States
190660 Posts |
Quote:Stop that! You're going to give me the vapors...  |
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Replies: 2,863 / Views: 93,660 |
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Posted 02/11/2026 10:04 am
