ETPMAG - ETFS Physical Silver ETF

[Sean K]

PMs breaking out everywhere on the back of the spot price confirmed break through.

 

[frugal.rock]

PMs breaking out everywhere on the back of the spot price confirmed break through.

Our SVL and IVR getting bought up quite nicely. Hopefully they and silver price hold up!

 

[finicky]

What Matters Today: Can the Retail Sector keep powering ahead? - Market Matters

What Matters Today: Can the Retail Sector keep powering ahead? Market Matters - ASX buy recommendations

marketmatters.com.au

"Precious metals were strong yesterday after another post from President Trump on Truth Social claiming US prices are “WAY DOWN” with virtually no inflation. It wasn’t fresh rhetoric from left field from the ultra-dovish President who wants interest rates lower. However, it was enough to drive precious metals higher, illustrating the path of least resistance for gold and silver remains up. Both metals have more than doubled over the past three years, propelled by mounting risks in geopolitics, business, and global trade:

• Silver surged over 2% posting its highest level since September 2011.
• Gold popped more than $US40, leaving it within 1% of registering new all-time highs.

We can see silver extending its upside move, which seems to be gaining momentum."

ETPMAG
MM is cautiously bullish towards silver as it trades above $US40

WEEKLY

 

[Sean K]

ETPMAG has had a rough week or so when the silver shares and SLV has been going gang busters. The AUD must have been off quite a bit causing these wicks in the daily bars, although that is probably influenced by the market buy/sell dynamics. It's a weird beast this thing. It supposed to track the silver price in AUD but the market is also competing to buy and sell it, which doesn't necessarily directly correspond to the POS. Been a good 18 months.

 

[finicky]

@Sean K gives the appearance of a flag to me, probably just working off the expansion of price from the moving averages?

 

[Sean K]

@Sean K gives the appearance of a flag to me, probably just working off the expansion of price from the moving averages?

Yeah, and it should break up. There's no indication there's a major correction in PMs on the cards. Every dip has been bought up.

 

[Sean K]

Surely this breaks up after this break up in the spot. But, we do have US Friday trading and the weekend ahead of us.