Australian (ASX) Stock Market Forum

ETPMAG - ETFS Physical Silver ETF

Could this be a C&H? Target $56 ish?

Maybe I'm dreamin.

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@Sean K I'm getting a bit of wood

I am in @29.76 which was a bit of an afterthought/FOMO at the time TBH and have just kept holding which is sorta against my style.

Interesting juncture in spot POS too, at resistance, or about to break the @#$& out?
 
@Sean K I'm getting a bit of wood

I am in @29.76 which was a bit of an afterthought/FOMO at the time TBH and have just kept holding which is sorta against my style.

Interesting juncture in spot POS too, at resistance, or about to break the @#$& out?

This is pretty compelling. Might be just the start. A PM explosion might be on the cards.

There's even an inverse H&S there if you dare to dream.

Saddle up.

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Silver pushing to 30 bucks but it has a big problem with that number. Might equate to 45 on the ETPMAG. It would be very nice if it goes through and flies to the moon.

Eric Sprott out ramping silver last week and spreading conspiracies about some influential players keeping the price under $30 for some reason. Probably blaming JPM or Deutsche. But, he was calling for $200 silver recently as well so he must have quite a position.

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Silver now at 11 year high taking ETPMAG with it. Punters waiting for a pullback might have missed the boat, but there has to be some healthy consolidation soon. Not sure how/why JPM and the Chinese have let the price run away from them. Maybe they've bought enough themselves.

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