Australia's largest stock trading and investment forum Australia's #1 stock forum

XJO

Click for more information

0.25%

7,699.8 s&p/asx 200

Weekend Charts and Chat. 1/2 August, page-22

First 22 Last

Share
Profile

Follow
merman5

714 Posts.

40

02/08/20

16:55

Post #: 46248213
Share

Originally posted by redbacka: ↑

Hi Merman,

I can't see far enough ahead to tell what silver might do by year's end.

I'm a trend follower, so I'm reactive, not a predictor.

Silver remains in an up-trend, and above its 8-Day EMA. But - look at the volatility as measured by the ATR (Average True Range). It's difficult to see it continuing at that pace. Short-term Slow Stochastic has given a sell signal. So I think the next move will be down rather than up.

I note in my Weekly Wrap that GDX (Gold Miners) has fallen this week despite a surging gold price. Miners usually fall before the Gold price. If Gold goes down so will Silver.

Expand

thanks redbacka appreciate your feedback

XJO Value at posting: 5,927.8
Upvote

0 Great analysis

Reply

Top Stories

Emerald & Azure score Digger & Dealer awards

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

From the Floor with Kim Beazley at Diggers and Dealers 2024

Revolutionary inverter technology leads the clean energy charge

Largest drill campaign to begin: Saturn Metals at Diggers & Dealers

There are more pages in this discussion • 9 more messages in this thread...

First 22 Last

Add XJO (ASX) to my watchlist