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TFC Commodity Trading Forum

Re: Silver ETF:SLV/Testing Dec Support/Trades *PIC*


Silver in the last day has probably trashed a lot of stop losses for those that were long silver. When you think about it for those that have bought silver stop losses will in general be placed below some type of low. I gotta think stops were trashed below July and May lows. Now that silver has dipped below 32 support has it trashed enough longs, and will it move back up, or does it have the $26 dollar low in mind to trash long term silver holders out of the market. I put the $ signs at where I would expect some stop losses for those long silver. After the 10 buck sell off in the last 2 days I have no clue where this is going. Whether it will bounce, or could it make a run at the $26 level as you mention before all is said and done to trash stop losses at just below $26. We shall see because the market is there to take money from the many and give it to the few. Weekly and daily chart below.