Dear traders, commodity experts and chart technicians, I would like your opinion on how you are currently dealing with the current silver price and what price losses and price potentials you think are possible here?

How are the traders among you currently positioning themselves in silver? With what prospects and what SL strategies?

Many thanks in advance!

@Multibagger

Yesterday I decided to take a profit. What do you think of the silver price?

After the long on gold reached 100% yesterday, I decided today to add another long on silver to the portfolio as part of the hedge...

Due to the low supply of silver, I still see significantly higher prices beyond € 70/80

What are your price targets for silver and gold? ✌️

$PHAG (+2,95%)
$SSLN (+2,97%)
$3LSI (+6,66%)

To complement my equity momentum model, I have now added a position in silver $3LSI (+6,66%) and gold $3LGO (+1,49%) to surf along with the trend. The same rule applies here:

As soon as the price falls below the 50EMA, I sell. This time, however, on the 4h chart in order to stay closer to the trend.

With this rule you would have a max. Drawdown of about 6% (=distance price-EMA, unless it goes further down within the 4h), with the 3x leverage that's about 20%, I can live with that for the capital invested. Plus of course product costs, about 4% p.a. due to borrowed capital.

⚠️ Don't blindly copy everything that others post. I think there have been enough examples recently where this has gone wrong 😬

Here you can see the silver 4h chart with 50EMA (green).

Silver close to 50$, I'll take it.

The rising pattern of the past few days was broken by the setback earlier. The tightened SL has taken effect. I now expect precious metals to consolidate for a few days.

+8.8% (270€) in 4 days. Not as much as originally hoped for, but still. 👍

Thanks again to all the skeptics! 😉

Gold continues to rise to ATH, silver follows.

The low general interest in the topic on Getquin and the skepticism of the experts @InvestmentPapa have encouraged me to open a first speculative position in silver. (P 30$, SL 26$).

You guys are great! I mean that sincerely. 🤗 So far, all speculations based on the Getquin sentiment have been positive (altcoins are still running at +50%). If it stays that way, I'll stay and continue to annoy you with critical and constructive questions. 😁🚀