no one knows whether the silver market will act more violently than it has already been for the past 1 week. But the impulsive move this move really scares lots of players and likelihood of further downside can not be totally ruled out at the moment at least. Looking at the big correction in March we know that if silver would really crash 38% from the top of $29.9 it would reach the previous high made in February of around $18.5. But should that be the case, most likely we will see a big bounce towards the red chandelier line before another huge leg down. Only speculation but looks like the bears would really target keeping pushing us down. getting very very complicated.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.