Key Levels for Silver

Obviously silver has similar drivers as gold.. Is it that metals are being driven down based on anticpated deflationary interest rate hikes.. handle123 do you have levels for silver? anyone buying silver yet?

 

Since Dec 2014, have bought Silver five times, three partial profitable trades, unlike Gold where I remain short, took short more on Thursday on strong rally, 681 strong support for Gold, earliest I can start looking for longs is 903.9 but doubting this will hold and go lower towards 681. Silver has pretty good support at 11.827, I am often early in getting in commodities and sometimes have taken more than 20 attempts of finding the extreme(all time high in Crude Oil), but not all 22 trades were losses, some partial profits on half and unwinding hedges. Still short Copper, like watching a snail. I see many commodities bottoming out next year, but still believe Indexes will go higher. Though my forecasting skills are not as good as my methods, LOL My call on Wheat wasn't all that good but hedges helped with losses.

Wish I started with more option understanding long ago, wow, great market to trade.

 

Well I was looking at slowly entering in leaps... Long dated calls that is on slv.... I can't see this being near finished either... I speculate this is deflation anticipated in front of rising interest rates

 

Silver and gold are very interesting at these levels. There are huge short positions on both of these metals and they have profited nicely from a type of artificial event recently. When the Chinese stock market blew up, investors sold commodities to cover margin calls when they weren't allowed to sell stocks! When the shorts start to panic...

 

What are the longest term options on silver

 

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Several good way to chart silver, long term[prefer paper charts myself];
find the Hunt Bros run UP + bear blowup--bust, real helpful......................................................

Disagree on your drivers comment, but good question-hope this helps.
It helps me.

 

Broken parabolas take a long time to stop deflating (some never do). There can be many spikes back up, on the way down.

 

Ya... I would have to guess posssible more downside with the way things are going

 

The pattern is almost universal. When it gets ready to reverse, the price quiets down and starts melting up: