@Suidwal, There is a huge battle going on at the line, weak hand selling to strong ones, big players covering their shorts using the fear of small traders.. Fear Index is extreme..
Suidwal
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@igord2, yes... the 52 week low in silver was made during the highest inflation in 30 years. Not looking good if you're a bull.
mdtayloresq
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Think we accept cheaper silver from here 17.50 first target. Can't even contemplate lower but cannot be discounted.
@mdtayloresq, Yeah, if we break the line, silver goes down ... it is ridiculously cheap (compared to gold) as it is, it can get even cheaper .. markets are not rational :)
igord2
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@mdtayloresq, The recent action is starting to negate near-term bullish case for silver, gold/silver ratio suggests the same. Unless Silver rallies sharp from here and breaks above potential symmetric triangle at $27.5 it looks like $14 becomes possible :(