Hi Trades,
Thanks for the chart/comments.
Question ..... Why did you chart the Z contract here ???
The Sept. contract (U) has more than twice the OI, and you usually pick the highest OI if you are going to chart a forward month. I had plugged in U and then remembered, so now have both. Also now see that U has nearly 20 times the trading volume (at least for today).
I will trade the micro Gold contract when it makes sense and usually Silver will move first as I recall.
Both charts do look about the same with Sept currently at 26.295 and Dec. at 26.38. So both have managed to break below the 26.5 as of the moment !!!
It was the "why Z" that really caught my eye at first ??? Maybe is as simple as "close enough" and you don't have to change the chart in a month or so !!!!!!?????
Thanks, Lee