Silver Market Roars Into NEUTRAL!

avatar

image.png
We keep prospecting looking for a trend in the silver market and despite silver's gains today the shiny metal remains stuck in NEUTRAL.

image.png

As I see it silver keeps trading in a very narrow range somewhere between $22.25 and $25.50. A range that has been maintained since May of this year. Neither the Bulls nor the Bears are in control.

I suspect that when this range is broken a very powerful move will follow. The only question is whether that move will be to the upside or the downside.

image.png
source: JM Bullion

The premium on American Silver Eagles remains relatively steady around $6.50 per ounce.

The most important chart in the world is the yield on US 10 Year Notes that vaulted higher this week after the Federal Reserve announced that interest rates are likely to remain elevated into next year.

image.png

Peace out and stack on!

silvergoldstackers leofinance meme markets silver proofofbrain
0
0
0.000
11 comments
avatar

You received an upvote of 100% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!

0
0
0.000
Reply
avatar

How many days have we seen the markets standing in the same place, going up a bit and then going down again, so this is a good time to buy things and sell when they go up a bit.

0
0
0.000
Reply
avatar

Get ‘em while you can I say 👍

0
0
0.000
Reply
avatar

It sure fits the definition of one, I'm expecting the USD Rug pull.

0
0
0.000
Reply
avatar

But do you think silver can follow the trend of cryptocurrency?
Like when cryptocurrency goes up, it goes up and when it goes down, silver goes down too

0
0
0.000
Reply