Silver market, what the hell

I'm done with Aud for now and figure Gold is a bit crazy, Silver on the other hand seems interesting so why not see if I can make a buck off it..

Today : looks like it might drift back to 17.85/90 so will buy it up to there and then possibly sell any push up to 18.00.

How'd you wind up doing?

Brought .69 and made 5 cents but then had family things to do _ US session is 8pm for me.. Asia open seems to hold some meaning. Early days though, I'm new to silver.

was over eager to sell and sold a few hours into the open up to 17.86 to get out with +2 cents ... prices of interest : highs 17.88 and lows 17.65 with a nice bounce near the open just now. might try buying 1765 and sell 1785 if we get there.

price found support in the zone but open interest doesnt seem to be there yet, if it can hold though it might continue up.. it's at the highs so might be another spike down in US session?? closed a couple longs today for a few cents. not keen to get long here , might do at 17.84.

didnt get in at 84 and missed the boat while out and about.. oh well going to try sell 18.05/7 as it's pretty thin up here.

^ posted that OI was low and 20 mins later OI goes to 3000 - will wait a bit longer this arvo for london to kick in.

got the small short scalp last night and failed to hold for the big run up even though i kind of expected it.. still just watching it mostly anyway. will wait to see if we get a push down into 18.10 and will sell 18.30-18.50



prices of interest

got back to see this happened, missed it all



will look to see if 18.10 holds at the end of the week to get another run long, otherwise its back down 17.90

new range from asian session so will see if london push it up to sell it off off or if buying begins again as it might have another run long left in it.. made 35 cents today so might take it easy now as it could get choppy.

nice range under 17.00 but thinking it might push to test the highs so looking to buy 16.80ish expecting it to then head south if it stops there. thinking: they might be pushing the longs that are still stuck and dragging more in to get it off balance + vol then for a push south??... we will see.



got 20 or so cents yesterday so well on the way to one buck! didn't catch the fall though as i was busy getting out of south east asia, these random travel bans can spook a guy

got the run up and down and flat now, 17.00 held though so i think shorts are only valid if it Asia can't get above 17.40 or hold todays open 17.18



if it miss a run long today i'll sell 17.80 and near 18 even

the gold weekly chart is chop-chop city

waiting for UK to see if it is sold off but if it isn't it might be going long to 18.00

working with an idea : end of the week sellers

sold it and made a few cents, up 45% open equity and flat now so going vwell, March is my stella month, you know Mars and the Moon and things so might be time to risk on again.

17.20 is my line in the sand so trading around it again

The selling continues, was tempted to buy it Friday and did but got out just in time this morning so started selling at 14.50 today and (BOO!) closed it too soon, oh well .. crazy times so will just sit flat now and see where it bounces, no point selling lows! might buy 12 or 11 , not sure.

Was going to try beat my 80% return last March but will be happy with 40%.



if you can;t make money in this market then quack quack! via la vol!

one way to clear out some stops - the shooting star from hell - perhaps its a sign, a sign of, manipulation!.. i see it on a few brokers but still, what the hell goldman

ended the week with some bad trades, setting March goals got me out of sync! rar rar rar




^^Silver

Silver price beaten down but investors can’t find any, so what’s going on? Peter Hug responds

Silver CFD account has been 1-2 cent spread in Asia session all month plus most of March so pretty much haven't scalped or traded this all of April.

I would move to futures but i often trade while mobile so it's not something i'm looking at or all that comfy doing at the moment.

If I see XAG spread low during Asian i'll start it up again, might even look at trading euro/us session and incorporating it into other methods but that also has its limits

oh well, things change, we move on!