One of the best things about Turd's efforts are his Technical Analysis (TA) insights (chart-reading, for newbs).
There are a number of well-known and competent technical analysts out there who post on various forums, and you might yourself be a dab hand at applying fibs and lines and so on.
So let's use this thread as a place to gather up all the latest good technical analysis on the Silver Hourly chart, with charts and links if need be.
I'll do a separate thread for the Weekly and Daily.
I am new to posting here and my chart is too big. Here is a picture of the 60 minute 6 month trend chart:
Mary, click Edit under your chart post, click on the chart, and then you can manually resize it by dragging its borders in from the corner.
Nb I see that chart is Silver Wheaton, not silver. Let's keep this thread to silver; maybe repost that one to the existing SLW thread in the Silver Miners subforum.
My jaw was dropping when I saw the $31.39 price, thinking it's for silver spot or futures price sometimes overnight :)
Would be nice, considering I have some SLV puts purchased for hedging purpose.
Oh, sorry I posted the wrong chart. I will be more attentive to the topic in the future.
Thanks for posting the 60 min chart. I think we are heading down to sub $32 levels for silver this summer. Good luck to all.
For those going long silver -- be careful. You would want 34.40 to hold based off the 1hr/2hr charts before considering entering. It's going to be an interesting day today. Good luck to all.
I will move the chart. Thank you.
Agree with daytraderdad 100%.
So far so good. Huge spike up a little while ago. I have 35.6 now. Who knows though, could be a primer for a massive waterfall. POSX is up over 75, so nothing makes sense right now.
Even with the 35.6, I think it's too dangerous to enter the waters right now.