Silver Futures (May 2023)Silver Futures (May 2023)Silver Futures (May 2023)

Silver Futures (May 2023)

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Community discussions


SI1! I don’t do shorting in general fearing upside unlimited loss.. but whoever has guts and entered at 65-66 going to have life changing trade.. this is not sustainable , 25% in a month not an organic growth and short covering is BS . Banks are not dumb to maintain hedge , I believe they are on long side to contrary belief ..

SI1! A 2 dollar hourly candle .. this is too much I think regular hours it will be down


SI1! $100 dollar gold spot and
$2 dollar silver spot…..down today🫵

Gold spot 4307 to 4220 4200
Silver spot 63.450 to 61.500 61.000

Gold spot and Silver spot market crashed 👍

SILVERM1!

It is in consolidation. The major resistance is at 199,120. waiting for a downside channel break to maintain the sell position. Target @ 194120 and 190,670
Snapshot


SI1! I told earlier late longs will suffer .. classic dump after parabolic .. short covering made it increase exponent but no organic demand from consumer or industry .. industry which uses look for alternatives to silver , may be the next best conductor of electricity but they won’t increase input costs by 100% and pass it to their customer ..There is no demand at this price even the product is good

SI1! I feel overstretched .. weekend profit taking will be there .. also which industrial users will buy at these levels .. other than short covering there will be no users which creates liquidity issues .. I feel it will calm down or drop

SI1! will 64-65 level hold then 68-70? I see here potential correction.