Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: Silver TOP???/Ronbo
In Response To: Re: Silver TOP???/Trades ()

I'm not necessarily predicting the ultimate top in Silver but yesterday price was stretched about as far as it was going to be on the short term and did have quite a reversal bar. That's just a heads up for a possible breakdown below its 1st resistance pt. I did have a quick trade on the ultra short Silver ETF:ZSL. But Silver did stop at 1st support and that would need to breakdown to get things going on the downside. The Silver to Gold ratio hit 35 to 1 as well which is the lowest reading in this run up. Need to see that increase showing Silver underperforming to really get things going on the downside. And as you know it always looks like Silver is going to the moon at or near tops. History suggests that attitude will change once again as it always does at some point. And this is April and it has been over 6 months in this rally and is getting long in the tooth. But I wont be stepping in front of any freight trains without some proof I'm not going to get run over. But at the same time I'm starting to smell blood and taste it a little too,lol.

Messages In This Thread

Re: Silver TOP???/Ronbo