STOP Investing in Silver the Wrong Way

Описание: Rumor has it a SIlver corner is about to happen.

In this episode, I dive into the current state of the silver market, particularly focusing on the recent surge in silver futures prices and the rumors surrounding a potential silver corner. I start by sharing my personal experience trying to purchase physical silver from APMEX, only to encounter a website crash, which hints at the growing demand for silver.

I reference an article from Zero Hedge, highlighting that silver futures have risen by 8%, surpassing $29 an ounce. This increase has sparked discussions about a possible "silver squeeze," and I encourage listeners to check out Zero Hedge for more insights.

As I analyze the SLV (the iShares Silver Trust), I discuss my recent trading decisions based on chart patterns rather than rumors. I emphasize the importance of making independent trading decisions and not following the crowd. I explain how I use on-balance volume and price volume trends to assess whether a stock is under accumulation. Notably, I observed significant volume spikes in SLV over the past few days, which have pushed both OBV and price volume trends to new highs.

I also introduce the concept of "smiling charts," which I find indicative of potential upward movement. However, I urge caution, as silver is known to be a manipulated market. I draw parallels between the current trading pattern and a similar pattern from last year, where a promising setup ultimately led to a shakeout rather than a breakout.

I recount my experience trading silver last year, where I bought at around $14 an ounce, and how the market dynamics shifted as the price peaked. I highlight the importance of using stop losses in trading, as market movements can be unpredictable.

Next, I shift my focus to the Sprott Physical Silver Trust (PSLV), noting that it exhibits similar activity to SLV. I point out that the on-balance volume for PSLV is at an all-time high, suggesting strong accumulation, even though the price volume trend has yet to reach new highs.

I conclude the episode by discussing my attempt to purchase physical silver again, noting the significant markup on U.S. Mint silver coins compared to the trading price of silver. The lack of available stock on APMEX further emphasizes the heightened interest in silver.

Overall, this episode serves as a comprehensive analysis of the current silver market, offering insights into trading strategies, market manipulation, and the implications of rising demand for physical silver. I encourage listeners to stay informed and make educated trading decisions as the market evolves.

Table of Contents:

00:00 - Introduction
00:38 - SLV
01:09 - Where I bought
02:13 - OBV - SLV
02:30 - Smiling Chart
02:47 - Over all Trend
03:26 - Manipulated Market
03:48 - Last Year
04:10 - Last Year OBV
04:55 - Sucker Rally and Shake-Out
05:10 - Tradable Shakeout
05:58 - Last Years Peak
07:39 - PSLV