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Sentiment
Weekly Silver Report
Another week and silver is hanging on the edge of a cliff.
For those of you who a familiar with market patterns, does the silver market look like an inverse "cup and handle" formation? Let me know in the COMMENTS.
Silver is in a DOWNTREND, with a series of lower highs and lower lows. Silver did break the previous low this week with a price of $22.52.
source: JM Bullion
The premium on American Silver Eagles remains around $6.00 per ounce.
Well the good news for stackers is there may be another fire sale in the offing. Other than that there is not really any good news for silver bulls.
Peace Out and Stack On!
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Comments
15 commentsYou 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! https://images.hive.blog/DQmT7RQqkpjXrjR43HZgPkPghGxUYDHPu7A68diYnmgbB64/round_gem.png
I love me a fire sale! Thanks for the report!
!BBH
@handofzara! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of [@thebighigg.](/@thebighigg.) (25/50)
I'm gearing up for a sizable silver buy so I'm hoping for a sale price in CAD.
Not too much action a slight sale I'm not phased!BBH
@handofzara! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of [@bitcoinman.](/@bitcoinman.) (13/50)
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STOPSeems silver has fall and looks like a perfect time to buy right now
It is even looking like everything is just on a downtrend, lol
I hope to see a pump soon…
https://twitter.com/lee19389/status/1748738349853024547
#hive #posh
oh silver is getting a beating
"Lookin' at th' pest fower weeks, we're in a general slide sooth fur sure! Nae quite a Buy Cycle fur me yit but gettin' thaur!" 😐 -Keptin
From what I can surmise from the charts, it is poised for more downward movement, maybe way down to 20 or lower, but we will see. The financial markets can be really unpredictable.
It is currently above its support and is a buy here and we can make a good profit in a short period of time.
Silver is the right time to shine