First things first. On the Daily Chart, silver is in an UPTREND. An UPTREND is defined as a series of HIGHER HIGHS and HIGHER LOWS.
So why is $30 dollars an ounce a big deal?
We will have to travel back in time on the Monthly Charts to July 2020 when the COMEX high in silver came in at $29.97 per ounce. Thus, it seems to these old eyes of mine that the target is $30 per ounce. But that is just me.
Now onto complete SPECULATION, which means this is not any sort of "investment advice" but rather the wild imagination of an old silver stacker and speculator.
If silver hits $30 per ounce I expect a pullback before a run to $50 per ounce. Anyway that is how I sees it.
source: JM Bullion
The premium on American Silver Eagles is creeping up just a tad and is over $6 per ounce.
Peace out and Stack On!
to the moon!
"Run baby RUN!" 🚀
Run Baby Run! (0:46 mark:)
!pimp
You must be killin' it out here!
@tbnfl4sun just slapped you with 1.000 PIMP, @handofzara.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/2 possible people today.
Read about some PIMP Shit or Look for the PIMP District
Looking pretty strong and can't wait to see what we got next one way or another !BBH
@handofzara! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bitcoinman. (7/50)
You can't stop these two from rising and now there is a war going on, they'll up for sur.e
I see people mad over dump yesterday but it’s hardly a blip 🍻
That’s a great pump
The real definition of an uptrend
When the Switch is Flipped, the Melt Value of Silver will be $9 per ounce, in Circulating "Silver and Gold Coins" that will range from $2 to $100... During the Redemption Period, I'll be able to get $9 in Silver Coins and $1 in Electronic Coinage...
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STOPThe current market bleeding in the crypto space I guess hope it will not affect the silver market also
#hive #posh