Community post
Weekly Silver Report
Although it may not feel like it, silver remains in an UPTREND. An UPTREND is defined as a series of HIGHER HIGHS and HIGHER LOWS.
Currently, silver is in a "pullback" phase after a nice run up. If silver dips below the prior low of $24.42 then and only then will the UPTREND be negated.
Just "eyeballing" the charts it appears that silver is retesting the last break out price level which was around 26.26, so there remains a potential for silver to slide a little lower during the "pullback" phase.
source: JM Bullion
The premium on American Silver Eagles remains at around $7 per ounce.
Peace Out and Stack On!
Replies (13)
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! https://images.hive.blog/DQmT7RQqkpjXrjR43HZgPkPghGxUYDHPu7A68diYnmgbB64/round_gem.png
I'm still watching those charts, but not a bad price on American Eagles there.
!BBH
@handofzara! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @thebighigg. (19/50)
Silver has once again given us all a great opportunity to buy above the lows, with prices set to rise again in the next few days.
I am looking for some more blood and some sales for the hive bullion exchange would be great 🤣 !BBH
@handofzara! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bitcoinman. (8/50)
I sort of met my goal on silver, but it wouldn't hurt to get a bit more on this dip.
sharing is caring
https://twitter.com/MunirTahir67705/status/1786702875202129977
The coin looks good
I’m also thinking on beginning to stack some coins
https://twitter.com/lee19389/status/1786755069267853735
#hive #posh
"Lit's hiner sae mate! Ahh'm swatchin' stoaner fur a new Sell Cycle!" -Keptin
(At $7 premium fur th' low quality, clipped wing ASE, it coulds be mony years affaore yet git yer money back mate!)
The silver market might definitely be making a reverse pattern soon with the way it is actually going actually
Aye Keptin'. One more move to the North.