Post by
ErinBrockovich on Jun 07, 2024 7:34am
Shanghai Silver 35 to 36 Dollars
Unclear exactly where Shanghai silver closed. But uts in that range. Comex silver dropped in the am as always. Now at 30.40. Likely to rebound by end of day to 31. Delta intact.
Comment by
diggin78 on Jun 07, 2024 8:05am
Are people still shorting silver? It would seem so. How else would it drop $1.25 overnight with the huge price delta between london/ny and shanghai? Either way, if that delta stays intact for much longer, there shouldn't be any shorts left. I was tempted to buy more when it hit 29.50 early this week, but didn't. I clearly should have. What will we see between now and wednesday?
Comment by
diggin78 on Jun 07, 2024 9:53am
down 2$ now- there's that 29.50 target again. Might be time to get more rounds
Comment by
diggin78 on Jun 07, 2024 9:56am
buy at 29 or wait for 28? May be waiting a long time
Comment by
ErinBrockovich on Jun 07, 2024 10:03am
29 silver should hold. Expecting a closing price above 29.50 still. We will see. At 29 dollars the delta between Shanghai and comex is extreme. It's stretched beyond reason. Like a rubber band ready to be fired at a teacher bum by a 6 year old kid. Almost 19 percent.