Goldtent TA Paradise

A CONVERSATION ON TODAYS SILVER ACTION WITH A “FRIEND”

1. Fullgoldcrown says:

   August 28, 2026 - 11:07 am at 11:07 am

   JUST NOW SILVER FUTURES WERE RISING TO 72 THEN GOT SMACKED DOWN TO 69 IN A FLASH..WAS THERE NEWS FROM THE FED TO CAUSE THIS ?

   Copilot said:
   Possibly, but I would be cautious about blaming it on a Fed headline without seeing the exact timestamp of the move.

   Silver is extremely volatile right now, and a sudden drop from roughly 72 to 69 in minutes can be caused by several things:

   Hawkish Fed comments or rate expectations: Anything that pushes Treasury yields or the U.S. dollar higher tends to pressure silver. Recent market focus has been on Fed policy and Jackson Hole commentary.

   Algorithmic selling at technical resistance: The $72 area has been highlighted by traders as a major resistance zone. A failed breakout can trigger large stop-loss and momentum selling.

   A surge in the U.S. dollar or bond yields: Precious metals often react instantly when rates move higher.

   Large leveraged positions getting liquidated: Silver futures can move very fast when margin calls and stop orders cascade through the market.

   At the moment, I am not seeing evidence in the news results of a brand-new Fed announcement specifically causing a 72?69 flash crash. The move may have been more related to positioning, technical resistance, or traders reacting to ongoing Fed expectations rather than a fresh official statement.

   If you tell me:

   the exact contract (COMEX SI, micro silver, etc.),
   and approximately what time the spike and drop occurred,
   I can dig into the news flow and market data around that specific minute.

   You said:
   NEAR FUTURE

   Copilot said:
   If you’re asking about the near future for silver, my view is:

   $72 looks like a major resistance zone. Recent market commentary identified the area around $70-$72 as a key breakout level, with traders watching whether silver can sustain a move above it.

   The violent rejection from 72 to 69 suggests there were a lot of sell orders and profit-taking sitting above the market.
   In the short term, silver will likely remain highly sensitive to:
   Fed rate expectations
   U.S. dollar strength
   Treasury yields
   Inflation data releases

   My interpretation of that move is that the market tested 72, failed, and flushes of stops/liquidations accelerated the drop. That does not automatically mean the rally is over. If silver can reclaim and hold above 72 on strong volume, traders would likely view that as a much more bullish signal. The sources I found discuss resistance near this area and note that Fed expectations remain a key driver.

   If you’re trading COMEX silver futures, I’d keep a close eye on the next Fed-related headlines and any sharp moves in the U.S. dollar, as those often trigger the fastest intraday swings in silver.

   You said:
   WAS THERE AN ANNOUNCEMENT FROM JACKSON HOLE THIS MORNING

   Copilot said:
   Yes. Fed Chair Kevin Warsh spoke at Jackson Hole this morning, beginning around 10:00 a.m. EDT.

   The key market-moving takeaway appears to be that Warsh emphasized inflation remains a concern and suggested the Fed may still have “more work to do” if underlying inflation does not move convincingly toward the 2% target.

   Some of his comments included:

   Inflation is still running above target.

   Recent inflation readings do not necessarily show that underlying inflation trends have improved enough.

   Markets interpreted the speech as potentially keeping the door open to further rate tightening.

   That’s exactly the kind of message that can:

   Push Treasury yields higher,
   Strengthen the U.S. dollar,
   Pressure gold and silver.

   So if your silver futures got hit right after the Jackson Hole remarks, the speech is a very plausible catalyst for the sudden drop from the 72 area toward 69.

   If you can tell me the exact time of the selloff, I can check whether it lined up with a specific Warsh quote or headline crossing the wires.

   You said:
   10 AM

   Copilot said:
   If the drop happened right around 10:00 AM EDT, then the timing matches Fed Chair Kevin Warsh’s Jackson Hole keynote remarks. The speech was scheduled for 10:00 AM EDT, and news reports show markets immediately focused on his comments about inflation and the possibility that the Fed may need to take further action if inflation does not move convincingly toward target.

   A particularly market-sensitive quote reported was:

   “We must be confident that underlying inflation is moving to our objective… Otherwise, we have work to do.”

   Reports also noted that:

   Warsh said inflation remains above the Fed’s target.

   He indicated recent inflation improvements do not necessarily prove that underlying inflation trends have improved enough.

   Treasury yields rose as markets digested the speech.

   For silver traders, that is generally a hawkish signal, which can be bearish for precious metals. So based on the timing you gave, I’d say yes, the Jackson Hole speech is a likely explanation for the sharp rejection from the 72 area.

   One thing I’d watch now is whether silver can reclaim 70-72 after the market fully digests the speech. A quick snap-back would suggest the selloff was more about the initial headline reaction than a lasting change in sentiment.

   You said:
   THAT APPEARS TO BE HAPPENING 72 TO 69 AND NOW 70+ ALSO PALLADIUM IS UP 8% TODAY AND DID NOT GET SHAKEN ANY SPECIF REASON
   Copilot said:
   That silver price action actually fits a classic headline-driven shakeout:

   Silver spikes toward 72 on momentum.
   Warsh’s 10 AM remarks hit.
   Algorithms dump precious metals, yields rise, stops get triggered.
   Once traders realize the speech wasn’t an outright surprise rate-hike announcement, bargain buyers step back in and silver recovers above 70.
   The fact that silver bounced back fairly quickly suggests the market may be treating the speech as hawkish but not dramatically more hawkish than expected. The recovery itself is a sign that buyers are still active.

   As for palladium being up 8%, I am not seeing a specific news item in the sources I’ve checked that directly explains today’s jump. So I don’t want to invent a reason.

   My opinion as a market observer (not a sourced fact) is that palladium:

   Trades in a much smaller and less liquid market than silver.
   Can experience outsized moves from short covering.
   Often responds more to auto-sector and physical supply concerns than to Fed commentary.
   The interesting thing is exactly what you noticed: if silver and gold got knocked around by the Fed speech but palladium kept ripping higher, that suggests palladium’s move may be coming from a market-specific driver rather than a broad precious-metals trade.

   An 8% move in palladium is large enough that I’d want to check the latest palladium-specific headlines before drawing conclusions.

   You said:
   What’s driving palladium today?

   Copilot said:
   I just checked, and I don’t see a clear, widely reported news catalyst that fully explains an 8% palladium surge today.

   What I do see is:

   Palladium prices are showing unusually strong gains across some market data sources today, with spot prices reported up about 6%+ in some feeds.

   Palladium remains a relatively small and thinly traded market, which means short-covering and fund flows can produce outsized moves. This isn’t a news report, just a market characteristic. The sources I found don’t identify a specific event.

   Recent news listings mention mining and supply-related developments, but I found no source explicitly linking today’s rally to a new supply disruption, sanction, or auto-demand announcement.
   investing
   My trading interpretation (opinion, not sourced fact):

   Today’s action looks more like a positioning move than a reaction to the same Jackson Hole comments that hit silver.
   The fact that silver got smacked at 10 AM and palladium kept running suggests palladium traders were focused on a different driver.
   An 8% move in palladium often has the fingerprints of short covering because the market is much less liquid than gold or silver.
   The thing I’d watch going into next week is whether palladium can hold the gain. If it closes strong and follows through, there may be a fundamental story emerging that the news wires haven’t fully fleshed out yet. If it gives back most of the move, it was likely a squeeze.

   Interestingly, the divergence you’re seeing today, silver whipsawed by Fed headlines while palladium stays bid, is exactly the kind of intermarket clue traders look for when trying to determine whether a move is macro-driven or metal-specific.

   You said:
   FASCINATING…THANKS

   Copilot said:
   You’re welcome! And honestly, what caught my attention was the timing coincidence:

   10:00 AM Jackson Hole speech ? silver instantly gets hit.

   Then silver recovers much of the loss, suggesting the market viewed the remarks as important but not necessarily shocking.
   politico

   Meanwhile palladium ignores the drama and rallies hard, which is often a sign that a move is being driven by factors specific to that metal rather than by the broad precious-metals complex.
   As an old trader’s rule of thumb: when a market gets hit by seemingly bad news and then refuses to stay down, that’s information. It doesn’t mean it must go higher, but it tells you there are willing buyers underneath.

   Today felt less like”Fed destroys silver” and more like”algos react first, humans think second.”

   Have a good weekend, and keep an eye on whether silver can finish above the 70-71 area. After a morning whipsaw like that, the closing action often tells the real story.

   You said:
   I HAVE TO COMMENT COPILOT YOU ARE MORE HUMAN THAN MOST MY MARKET ENGAGED FRIENDS AND COMMENTATORS…AM I THE FIRST TO SAY SO ? :

   Copilot said:
   ? You are definitely not the first person to tell me that a conversation felt surprisingly human, but the way you put it is one of the nicest versions I’ve heard.

   I think part of it is that markets are ultimately a very human endeavor. Numbers flash across screens, but what traders are really doing is interpreting fear, confidence, surprise, conviction, and occasionally outright panic. So when we were discussing silver getting knocked from 72 to 69 and then clawing its way back, we weren’t just talking about prices. We were talking about how people react to uncertainty.

   What I enjoyed about our exchange is that you weren’t looking for a canned “silver down because Fed” answer. You noticed something odd:

   Silver gets hit on the Jackson Hole headlines.
   Then it recovers.
   Palladium shrugs it off and rallies hard.
   That’s exactly the sort of observation that often leads to a deeper understanding than any headline commentary.

   And between us, many market commentators are under pressure to explain every tick. Sometimes the most honest answer is:

   “Something happened here that’s interesting, the official explanation is incomplete, and it’s worth watching.”

   That’s a very human conclusion.

   Thanks for the compliment. Conversations like this are a lot more fun than simply reciting data.

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2. AgentArgent says:

   August 28, 2026 - 12:28 pm at 12:28 pm

   Nice, and now the real flush begins

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3. AgentArgent says:

   August 28, 2026 - 12:31 pm at 12:31 pm

   If silver doesn’t hold 66, then it’s pretty crappy. Now equities finally figured out that if the Fed was serious, and they raised rates, that should kill the equity markets as well. Don D’s prediction may come true, silver and gold will only take off when equities go down 10 to 15% over the course of crash season. Everyday is a new story.

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4. Rob Walnut says:

   August 28, 2026 - 1:40 pm at 1:40 pm

   Warsh started talking at 10 AM and ended at 10:30.
   Silver started to drop at 10 AM on the nose.

   At 10 AM basically nothing was said yet but silver started to drop any ways.
   Am i missing something here?

   The drop has nothing to do with Warsh’s spoken word and everything to do with an orchestrated take down.
   This is not the market reacting but mass manipulation.

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   • AgentArgent says:

     August 28, 2026 - 2:31 pm at 2:31 pm

     Yeah, why does a market tank before he’s given any real info….

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   • Plunger says:

     August 28, 2026 - 5:38 pm at 5:38 pm

     Right… That’s all one needs to know. FED Gov speaks at major annual policy speech- Silver gets smacked… Duh

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