$SILVER down 3.6% today, closing in on the $54 zone I've been eyeing since it was over $100. Momentum trades always crash — doesn't matter the asset or the hype. We saw it in January, we're seeing it now.
I'm bullish medium-term on silver. Fundamentals are solid. But price needs to flush out leverage and speculation before the next leg up. That's just how markets work.
Probable bottom? $45–$54 white box. No one knows for sure, but that's where I'm watching.
I'm already long silver (small size, underwater). Sitting tight, ready to add at the right levels. Expecting recovery over the next few months.
Cut the noise, respect the reset, and scale in smart.
I'm bullish medium-term on silver. Fundamentals are solid. But price needs to flush out leverage and speculation before the next leg up. That's just how markets work.
Probable bottom? $45–$54 white box. No one knows for sure, but that's where I'm watching.
I'm already long silver (small size, underwater). Sitting tight, ready to add at the right levels. Expecting recovery over the next few months.
Cut the noise, respect the reset, and scale in smart.