Loading ...An Ugly Silver Chart
Sorry to bring such a horrible chart of silver today. I just noticed it when working on my Crude Oil presentation. Anyway I don’t think it will change anything but it could see price dropping sharply for a brief time. I am saying just watch yourself for a few days and avoid making big trades unless you know what you are doing!. End of the week will be enough time for the pattern to play out. We will know better then.
The lack of a definitive end of the war made a perfect excuse to bomb gold and silver. Silver could crash to $64 for a bit then hopefully we’ll finally be out of the mess.
Nortstar pegs it here: https://x.com/NorthstarCharts/status/2060689197950791903?s=20
Is he warning price could fall to precisely 54.59?
No? Then he is doing something else.
Did you know he was once among us at the Tent. But he went independant.
He has a couple of zones in the chart. Anywhere in there. He says he doesn’t know, but right now it could either shoot up or down. He genuinely hasn’t any idea, but it warning of the current big inflection point.
I like to avoid traders who don’t know if prices are going up or down! I can do that on my own. No susbscription required!
I am not a subscriber. This is just him posting free stuff on “X.” Pretty general stuff.
More war, less crude, higher gasoline (again), higher rates, lower metals.
Looks like it for now. But silver has action coming next week and I think we will finally get a break there.
Most analysts I follow think so. I’m somewhat excited. Been waiting for months now.
It’s been a LOOOONNNNNGGGG SLOWWWWW slug — next week will be welcome!
Isn’t there usually a FINAL drop to clear out the stop loss positions……often in overnight markets before NA is active again…….
Sounds familiar. But they have an affinity to torture silver bugs. So it will be in our faces! LOL
Looks like my drop has finally materialized. More to come by the looks of it.