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iShares Silver Trust Message Board

  • matx56 matx56 Sep 2, 2013 9:08 AM Flag

    People don't buy any physical silver until tomorrows NY open thinly traded market are

    driving silver up .50-.60. When the NY market opens silver will be down around $23.00-$22.80 so don't get sucked in to paying over $24 to $24.50.

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    • This statement is not true. World markets play an equal role in moving the price of silver. The move up is real and will continue back up toward $26. Silver became oversold last week and remains extremely oversold on weekly and monthly charts. Corrections this point forward should be small and fleeting. Your call of $23 silver is highly unlikely.

      Silver is working on a key reversal day and a very rare key reversal week. Silver will remain much stronger than most people think.

    • Will be watching your call with interest... you had some good calls before. You always flash the caution light (yellow) but never GO (green).

 
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