Wow is silver going to $5.50? A break of the descending wedge puts the target at $5.50! Is this due to all the paper silver being sold off? all the silver suppliers are out of physical supply! The U.S. Mint is out of Eagles.
I'm in love with the plummet. Give it a few more weeks as manufacturing effects show the real disaster of this virus, and then start buying silver long.
karolstepnikowski
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Silver needs to catch up with Gold, this "TA" is nonsense, people are going to plow money into precious metals like Gold and Silver.
So this is nothing short of impossible! the disparity between the metals have never been so high, this setup is not going to happen.,,,
Vertigo88
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@karolstepnikowski, Keep in mind fiscal silver is only 1/3 of the market. You cant find silver coins right now but all the paper silver is selling off. don't look at all the lines I'm just looking at the measurement for the. also the target for the current breakout in the gold-silver ratio I posted a few days ago is 130. others told me I was crazy then too, but here we are at 120. seems straightforward to me.
Vertigo88
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@karolstepnikowski, understand I'm still buying silver I'm just seeing the targets going much lower.
Vertigo88
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@karolstepnikowski, HAHAHA oh you're new to the game... I see you just started posting to your account. I have been trading Crypto for 5 years! that's like trading traditional markets for 20+. try it out man it will help you understand true volatility. I am dead inside now and non-emotinal. Good luck man the next few months and maybe even years are going to be hard ones.
kongmae
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@Vertigo88, You are the only one who expects silver to fall below $ 10.I liquidated my silver selling position at $ 14. However, I am surprised that the price fell too far through the support line. I want to hold the selling position once again. I wonder what your point is....Good luck
Vertigo88
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@kongmae mistake # 1 you “want” the market to do something! Don’t tell the market what to do. Listen to the market. I want silver to go to 40 an oz I’m just seeing the break of the descending wedge. Simple TA at that point. I hope I’m wrong!!!!
Vertigo88
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@karolstepnikowski honestly TA is really simple the difficult part is managing our own expectations and emotions that’s what takes years to master.