Silver on the Move

[tsptalk]

Silver blasts off in June.... and into July. $19.40 as I write this.

This chart is always a day behind. It's at $19.40 today.

This is the Silver ETF showing today's action...

 

[Jackbnimble]

Anyone been buying silver here? I have started nibbling on junk silver recently.

 

[tsptalk]

It's had a nice pullback and could be an opportunity as it seemed to put in a definitive low last week. I still have a lot of it from our TSP Talk silver rounds order, which we bought a couple of years ago when silver was $15.92 / oz. But yeah, looks like a decent place to start picking it up again.

 

[uscfanhawaii]

I have been buying silver for the last few years.
I have a bunch of the TSPtalk silver coins! Also Morgan Silver Dollars, American Eagle Silver Dollars, various silver rounds (the Austrian 1.5 euro is a real beauty!).
Also have 100 troy oz silver bars.
Yeah, I guess you'd say I have been picking up a little Au!! :kiss:

 

[tsptalk]

Silver is making a big move this week.

Oscar (Live With Oscar) says don't trust it. (FF to 4:50)

 

[tsptalk]

Silver is trying to breakout from its recent downtrend. Is the bottom in?

 

[tsptalk]

Silver broke down from its recent rising support line and looks like it is attempting to fill the Oct 19 gap. It also opened a new overhead gap this morning.

 

[tsptalk]

Wow, silver is up 70 cents today (+3%), even with the dollar up 0.54%. Impressive.

https://www.cnbc.com/quotes/@SI.1

 

[tsptalk]

 

[exnavyew]

[h=1]Don't rule out a commodities 'super spike': Goldman Sachs[/h]https://finance.yahoo.com/news/dont-rule-out-a-commodities-super-spike-goldman-sachs-184040612.html

 

[tsptalk]

Silver is having a day, breaking through some resistance with the help of a dip in the dollar.

 

[tsptalk]

Whatever sent silver up earlier this month, was sold off as the trading games in the metals continues. They can't seem to do much of anything - so much for being a hedge on inflation.