Community post
Weekly Silver Report - The Churn
Welcome to the "churn" in the silver market.
It seems that although silver remains in an UPTREND, neither the bulls nor the bears are in charge.
An UPTREND is defined as a series of HIGHER HIGHS and HIGHER LOWS.
In order for the Bulls to take control, silver must break above the prior HIGH of $29.91 per ounce.
In order for the BEARS to take charge and reverse the current UPTREND, silver needs to break below the prior LOW of $26.26 per ounce.
source: JM Bullion
The premium on America Silver Eagles remains around $7 per ounce.
Replies (7)
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
We'll see what happens after the upcoming BRICS announcement, otherwise, keep on stacking as usual.
Investors must be happy right now
Nice pump!
Silver really looks to be making some movement upwards and quite interesting
That way, when things get pumped, people are much happier than they are on hold.
The investors will definitely be smiling right now
It quite looks like we might be seeing a massive pump for investors soon