$15 silver again
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Started by pj - June 7, 2019, 3:37 p.m.

Earlier in the year it seemed $15 was support for silver. After a decisive break below $15, now  a recovery and $15 appears to be resistance. Isn't that what some texts say to expect?

By metmike - June 7, 2019, 4:33 p.m.
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Good to read you pj. I never trade metals since weather doesn't have an effect but here's some interesting price charts. That $15 you mentioned looks like a big deal on the 10 year chart at the bottom. 

We held some mega important support and show strong signs of a bottom but I have no clues about fundamentals. We could just be bouncing off support and this is a bear flag.  

We welcome more comments from those that trade or know more about silver. 

By bowyer - June 8, 2019, 8:09 a.m.
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I bought a mini silver contract a few days ago. First time ever. Know nothing about it except it is going higher :)

Along with corn ....

By joj - June 8, 2019, 9:42 a.m.
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Silver is acting weaker than gold and I guess that makes sense in a weak economy.

Hard to make the bull case for silver.

By TimNew - June 8, 2019, 11:49 a.m.
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Weak economy?