Silver has stabilized its downward trend after a strong break out ... and is returning to the sell zone to collect orders from sellers and deliver them to its customers in the order delivery zone.🎈
Silver will blow through this in time. I doubt we will see 14/OZ again. Too much buying pressure under $20. Even now the bid ask spread is wide on physical. This charade of paper derivatives will not end well for shorts.
Mahmood333Haddad
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@DiscMan1776, I think....It is the laws of supply and demand that tell us : where does the market price go, not our feelings ...!
belangert77
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@Mahmood333Haddad, It is supply and demand indeed. Supply is low and set to go lower, and demand is high and set to go higher . . .
Mahmood333Haddad
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@belangert77, I suggest you learn more about the rules of supply and demand.
dmcm10
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@belangert77, dont argue with bots lol these AI are getting good
Mahmood333Haddad
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@dmcm10, Yes🤜 ... you said really nice👍 .... thank you.🙏
tpikciunas
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@Mahmood333Haddad, where u colect data about supply and demand? And how do u think oil price will afect silver miners? Do u think that expemsive oil prices will push silver prices down? I just want to know your logic.
Mahmood333Haddad
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@tpikciunas, ✔ My information about supply and demand is written in many books that you can refer to. In my opinion, gold and oil are the first and biggest followers of oil, but when the price of oil is stable and stagnant, the price of silver moves according to the laws of supply and demand .... That is, in these times, the price of silver is affected by silver miners. I'm sure silver will go up as oil goes up and it will go down as oil goes down. In other words ; As oil prices rise, so will the price of silver. Of course, I think a big war that is the source of oil will happen soon and it will greatly affect oil and silver.
ram4nd
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Worst graph I have ever seen. 12 dollars for an ounce of silver? Crazy
Mahmood333Haddad
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@ram4nd, 😂 Dear rude and illiterate colleague; The silver analysis you saw is a long-term analysis in weekly timeframes and you do not benefit from technical ligaments! ... It is better for you amateurs to look only for double top and head and shoulder patterns.