Silver Gold Stackers

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.

Comments · 7

@tough(58)· 847d
It quite looks like we might be seeing a massive pump for investors soon
@temileke(64)· 848d
The investors will definitely be smiling right now
@djbravo(75)· 852d
That way, when things get pumped, people are much happier than they are on hold.
@biyimi(69)· 852d
Silver really looks to be making some movement upwards and quite interesting
@rafzat(71)· 853d
Investors must be happy right now Nice pump!
@kerrislravenhill(74)· 854d
We'll see what happens after the upcoming BRICS announcement, otherwise, keep on stacking as usual.
@ssg-community(69)· 854d
You received an upvote of 100% from Precious the Silver Mermaid!

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