Will Silver break #37 today?

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No1Hunter
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Will Silver break #37 today?

With the slow but steady climb silver has been making, it appears we may break $37 today.

Any thoughts?  Will it hold and keep going or get smacked down?

Edited by admin on 11/08/2014 - 05:09
SilverTree
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Maybe not

No I don't see it. My eye has been on GOld.cool

lilbromarky1
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new nom high in gold

new nom high in gold

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uptofreedom
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1 step at a time...

Silver broke thru the resistance on the 3hr @ the 150ema, found it again on the 4hr.   Unless the Bernak surprises us today I don't think  we're breaking 37.   Glass half full perspective: the resistance silver broke thru looks to be support now, so at least there's that... 

NCOT
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I'm no expert but I think

I'm no expert but I think not.

Too much to ask.

We might get close, maybe 36.90's as a tease but to go over $1 from the low of 35.90 ish will take some doing.

If it is to hit 37, I'd expect to see a mini raid then a push up.

Just my opinion, please read the disclaimer below.

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amabala
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no

$36.91 when New York spot closes.

Gendah
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I'd be surprised if it got

I'd be surprised if it got above 36,83...

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No1Hunter
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SilverTree wrote: No I don't

SilverTree wrote:

No I don't see it. My eye has been on GOld.cool

Based upon the % increase, silver has gained more than gold.

NCOT
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No1Hunter wrote: Based upon

No1Hunter wrote:

Based upon the % increase, silver has gained more than gold.

Yes, but it can also decrease more than gold does too. % wise.

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SilverTree
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Yep

Gold .64%

Silver .80%

No1Hunter
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% Changes

NCOT wrote:

No1Hunter wrote:

Based upon the % increase, silver has gained more than gold.

Yes, but it can also decrease more than gold does too. % wise.

True.  In fact, it general does.  But, if you are eyeing today's up tick, silver is out performing gold.  Though I don't track it, on an up tick day, silver is usually about 3 to 5 times the increase of gold, percentage wise.  On a down tick day, it is generally about the same amount of decrease, about 3 to 5 time the amount of gold, percentage wise.

There is no doubt silver is more volatile than gold.

silverbleve
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fwiw

My guess would be no 37 today. I expect a raid immediately after the Bernankes lips stop moving. We could see 37 later in the week though, the climb has been slow but steady for a few days now so I am optimistic we might touch 38 before July contract first notice day.

No1Hunter
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One other thing

Compare the closing price of gold and silver on 12/31/2010 and today.  Which has increased the most, percentage wise?

Vypuero
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RAID!

Looks like it is happening now

No1Hunter
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Smack Down!

Yup, looks like a smack down!!!

lilbromarky1
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S.Bleve wrote: My guess would

S.Bleve wrote:

My guess would be no 37 today. I expect a raid immediately after the Bernankes lips stop moving. We could see 37 later in the week though, the climb has been slow but steady for a few days now so I am optimistic we might touch 38 before July contract first notice day.

You nailed it.  One hat tip to you sir.

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