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re: This could be something....Look beyond equities, Silver to be the next short squeeze
Posted on 2/3/21 at 10:29 am to cadillacattack
Posted on 2/3/21 at 10:29 am to cadillacattack
Anyone have an update on the SLV and AG plays? How is what's going on behind the scenes with silver gonna effect these and other stocks moving forward?
3
Posted on 2/3/21 at 10:48 am to 44tiger
quote:
Anyone have an update on the SLV and AG plays? How is what's going on behind the scenes with silver gonna effect these and other stocks moving forward?
Dunno about individual miners ... as I don't track those specific tickers ....
That said, I suspect the spot price (currently $27./oz) needs to close above $28.48/oz in order for the current run to hold, establish a base, and prior to taking the next leg upward above $32.80 ... just my dos centavos ...
Posted on 2/3/21 at 11:49 am to 44tiger
quote:still quite a bit of long call option activity on both of these judging by the contact prices. Despite silver not being covered as much yesterday the silver index funds broke Friday’s record for volume in a single day with almost 1.5 billion. Massive supply shortage and record demand right now; I have a feeling a lot of money is coming in from hedge funds buying into the squeeze
Anyone have an update on the SLV and AG plays? How is what's going on behind the scenes with silver gonna effect these and other stocks moving forward?
Posted on 2/3/21 at 12:02 pm to 44tiger
quote:
Anyone have an update on the SLV and AG plays? How is what's going on behind the scenes with silver gonna effect these and other stocks moving forward?
You're best bet is to watch Silver futures, not SLV or the miners.
If silver goes up those will follow suit (miners generally will, but are more unpredictable).
From what I understand $30 is the big resistance level. If it can break through that then there could be a legitimate run.
First things first, we need to hold 27 and step back up to the low 28's.
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