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@attaksz Yes silver will go up unless there is a server outage at the comex where they can manipulate that down.
The only way there wont be a server outage is if a price floor is announced, and that comes with a force majeure.
The next two weeks are going to be very fun.
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The May #silver OI is going the wrong way.
It needs to approach zero in the next two weeks and it grew yesterday.. 46,877 contracts represents 234m oz. of silver.
Across all contracts theres 118,370 contracts representing 590m oz. of silver.
There is 76m in registered silver.

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Strait of Hormuz closed again
should gold & silver worry about a drop? 👇
Friday gold and silver moved quickly
on news that the Strait was reopening
Now it’s being closed again
Does that mean prices will fall sharply at the open?
Friday already showed
price can move fast on news
But what mattered wasn’t the move
it was the lack of follow through
Price couldn’t hold higher levels
and started to pull back
That’s the key:
News can move price in the short term
but whether it continues
depends on structure and positioning
So into the open
could we see a sharp drop?
Yes, that’s possible
But if it stays lower
depends on structure and positioning
For that to happen
key levels need to break
🔸Gold:
4800 support
4750 base + 0.5
🔹Silver:
80 key support
78.5 (0.5) and 78 support

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Silver update!
5th attempt to break above the white ascending resistance now in progress.
New USA-Iran meeting this week; any positive headlines could be the spark we need.
Still holding the green support nicely.
Short-term noise is real, but the setup + macro tailwinds are even stronger.
Bottom is in. Let’s see if this is the one.
#Silver #XAGUSD #Trading #PreciousMetals

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