As experts in the stock market and trading, we at Extreme Investor Network understand the importance of making informed decisions when it comes to investing in various assets. One such asset that has caught our attention is silver, which has been experiencing some interesting movements in recent times.
While some analysts may believe that the $30 level could be a support for silver, others argue that the $28.50 level may hold longer term. The silver market is known for its volatility, with prices sometimes reaching as high as $50 before pulling back. However, it’s important to note that silver markets are heavily influenced by futures contracts, which are essentially paper contracts.
One issue that has been plaguing the silver market is the practice of naked shorting, where traders sell assets they don’t actually have. This can lead to more supply in the market than there actually is in reality, causing prices to fluctuate unpredictably. While we may see a nice run in silver prices, it’s essential to remember that chasing after these wild moves can be risky.
At Extreme Investor Network, we advise our readers to always be cautious with their position sizes and to make informed decisions based on reliable data and analysis. Remember, the key to successful trading is patience and strategic planning.
For a comprehensive look at today’s economic events and how they may impact the market, be sure to check out our economic calendar on Extreme Investor Network. Stay informed, stay ahead of the game, and make smart investment choices with us.