Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 691.66

-0.1%

Jan 16 4:00 PM EST

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To: yard_man who wrote (121360)	3/7/2019 5:55:44 PM
From: the longhorn	Read Replies (1) of 222028

I agree with you on the silver chart...ugly. Gold pulled back to a recognizeable fib.zone. Silver just pulled back and is now hanging there. It's marking time the past few days too...not going anywhere. Big commodity buyers do there silver orders this time of year...the companies that use silver in their processes for the year. So this is the preferred season for the industrial side of silver's demand. I've read there has been some speculative interest at play the past few months on silver. Don't know where that goes from here. I don't see how silver goes much lower for very long though...I can't imagine miners making money at it at prices much lower than this. longhorn

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