$ Silver $

what were the daily moves like when silver and gold went twitchy yrs ago? i guess if iran gets bombed we might see something interesting also. on the other hand if iran decides to play nice, could see a big selloff.
asia seems to be silent though,i actually liked using these hrs to trade gold/silver better than reg hrs

 

strike the slow part

 

I have figured out how to play silver

I think of it as an inexpensive nasdaq stock

and its big brother gold as an expensive one

that never splits

( sorry ... It's not such a funny joke ... its
been a wild week P+L wise for me and I need to
be silly )

 

Any comments on the roll that's coming up? May FND is 04/27. Is that, like other commodities, the day people start rolling in size, and should that yield the tightest spreads? I see that there's already some volume and OI developing in July.

 

The more and more I read, the more I hear that if there's going to be a squeeze, it's going to happen after the ETF announcement.

 

Did the arbs go home?

 

It's a madhouse. I just scalped me a grand on that latest run up. Looking for places to buy dips, but there simply are none!

Anyone have a guess as to when the ETF is going to be approved? And I guess, a second question would be, does this massive run up do anything to undermine a potential approval? Ie, will the SEC look at this and change their mind?

 

There's been some short covering.

 

hi ed ... has the price of cash silver been trading
over the lead month MAY ? ( a few cents higher )

yes there will be rollover to July ... but

I found this interesting if I am seeing accurate
numbers on my cash price source for silver

hi ivan

you could have easily lost a grand ... just as silver closed it dropped like a rock in thin conditions
8-10 cents ... before getting back to where it had been on the close ... as gold rallied

regardless ... nice scalp kid !

hi illiquid .... yes last night in Asia trading

things were rather illiquid in silver so the MM's
kept a safe distance from quoting anything

 

Quote from 2gtt:
July is 13 cents above May - a bit on the high side.

So, being short, this is a good time to roll, right? Or is there some risk of a correction in one more than the other against the cash based on what happens on FND (and beyond)?