____  ___    _  _     _   _ _____     _______
 / ___|/ _ \  | || |   | | | |_ _\ \   / / ____|
| |  _| | | | | || |_  | |_| || | \ \ / /|  _|
| |_| | |_| | |__   _| |  _  || |  \ V / | |___
 \____|\___/     |_|   |_| |_|___|  \_/  |_____|

 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Weekly Silver Report

BY: @handofzara | CREATED: May 3, 2024, 10:30 p.m. | VOTES: 64 | PAYOUT: $7.57 | [ VOTE ]

[IMAGE: https://images.hive.blog/DQmcwy7n23VdokkyTZnQyCuUpDiMPVfpdWhnsD7C2aoKsLL/image.png]

Although it may not feel like it, silver remains in an UPTREND. An UPTREND is defined as a series of HIGHER HIGHS and HIGHER LOWS.

Currently, silver is in a "pullback" phase after a nice run up. If silver dips below the prior low of $24.42 then and only then will the UPTREND be negated.

Just "eyeballing" the charts it appears that silver is retesting the last break out price level which was around $25.80. The low on Thursday came in at $26.26, so there remains a potential for silver to slide a little lower during the "pullback" phase.

[IMAGE: https://images.hive.blog/DQmRQjkkR3CRCZMUV6WK3iaZomX4s8HatRy49CaNKqyDiUo/image.png]
source: JM Bullion

The premium on American Silver Eagles remains at around $7 per ounce.

[IMAGE: https://images.hive.blog/DQmXkAjPaBMW5M62sjCNZmYCpyZbM4BNSPeuUTbY28CeGR9/image.png]

Peace Out and Stack On!

TAGS: [ #silvergoldstackers ] [ #leofinance ] [ #markets ] [ #money ] [ #silver ] [ #coins ]

Replies

@ssg-community | May 3, 2024, 10:35 p.m. | Votes: 0 | [ VOTE ]

You received an upvote of 100% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem! https://images.hive.blog/DQmT7RQqkpjXrjR43HZgPkPghGxUYDHPu7A68diYnmgbB64/round_gem.png

@thebighigg | May 3, 2024, 10:42 p.m. | Votes: 1 | [ VOTE ]

I'm still watching those charts, but not a bad price on American Eagles there.
!BBH

@bbhbot | May 3, 2024, 10:42 p.m. | Votes: 0 | [ VOTE ]

@handofzara! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @thebighigg. (19/50)

@djbravo | May 4, 2024, 12:24 a.m. | Votes: 0 | [ VOTE ]

Silver has once again given us all a great opportunity to buy above the lows, with prices set to rise again in the next few days.

@bitcoinman | May 4, 2024, 3:17 a.m. | Votes: 1 | [ VOTE ]

I am looking for some more blood and some sales for the hive bullion exchange would be great 🤣 !BBH

@bbhbot | May 4, 2024, 3:17 a.m. | Votes: 0 | [ VOTE ]

@handofzara! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bitcoinman. (8/50)

@kerrislravenhill | May 4, 2024, 7:33 a.m. | Votes: 1 | [ VOTE ]

I sort of met my goal on silver, but it wouldn't hurt to get a bit more on this dip.

@tahirmuneer | May 4, 2024, 10:22 a.m. | Votes: 0 | [ VOTE ]

sharing is caring
https://twitter.com/MunirTahir67705/status/1786702875202129977

@rafzat | May 4, 2024, 1:16 p.m. | Votes: 1 | [ VOTE ]

The coin looks good
I’m also thinking on beginning to stack some coins

@lee1938 | May 4, 2024, 1:50 p.m. | Votes: 0 | [ VOTE ]

https://twitter.com/lee19389/status/1786755069267853735

hive #posh

@joshuaslane | May 4, 2024, 2:42 p.m. | Votes: 1 | [ VOTE ]

"Lit's hiner sae mate! Ahh'm swatchin' stoaner fur a new Sell Cycle!" -Keptin
[IMAGE: https://images.hive.blog/DQmZqwjB3sPzkZY2hWAZv4R6T3i7fGDMH9Geq8ERqiPsQsz/C-Slane-12.jpg]

(At $7 premium fur th' low quality, clipped wing ASE, it coulds be mony years affaore yet git yer money back mate!)

@handofzara | May 5, 2024, 9:20 a.m. | Votes: 0 | [ VOTE ]

Aye Keptin'. One more move to the North.

@biyimi | May 5, 2024, 2:06 a.m. | Votes: 0 | [ VOTE ]

The silver market might definitely be making a reverse pattern soon with the way it is actually going actually

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