SLV - Silver ETF & Silver Futures - SI - Page 94

wow, volume just pouring through this right now.

ZSL up 16%
 

Quote:

Originally Posted by PENYSTOKMILIONAIR 

Well you may want to get out, zsl is losing all of its gains from friday :)
 

 

Quote:

Originally Posted by JLC 

Short /SI on my futures demo account with a tight stop loss for an intraday trade here.

I am loving how predictable the price is behaving on this right now!

what do you mean by "how predictable the price is behaving?"

Quote:

Originally Posted by JLC 

I am loving how predictable the price is behaving on this right now!

dam got killed in SLV today...hope we're back up tomorrow

Quote:

Originally Posted by themav37 

what do you mean by "how predictable the price is behaving?"

 

 

The theme for the day should be:

Quote:

Originally Posted by mjoke 

Quote:

Originally Posted by themav37 

what do you mean by "how predictable the price is behaving?"

 

 

I meant it as in the way the price action has been playing out almost exactly the way they intend to do. For example the pinbar at the 62EMA/PPA (orange line resistance) signaled a short trade for me and it played out exactly as I had anticipated it. I can't say the same will happen with great probability in the equity market lol (for me anyway):

I knew you where exaggerating but when I read that article on ZH, they said almost the same thing.  I'm trying to figure out whats going on here with PM
 

Quote:

Originally Posted by rando 

Sorry, I was joking, one a day would seem unrealistic although the did 2 late last week.  Theoretically they could do it but I was not meaning to imply they actually would.  I should have said like six margin hikes before Weds close to make sure everyone knew I was joking.

 

Ridiculous intraday price action here! My word, it has not gotten any less crazy yet.

 

If silver continues to get sold off tomorrow then the dollar may rebound for a day or two which would cause the over market to pull back which it is looking to do after the huge run up we have the past week.  What do ya'll think?  

 I knew I should of shorted silver at the highs today.  I couldn't pull the trigger.  Congrats to anyone who did short at the top. 

it seems the futures are strictly technical doesn't?  Nice chart and nice play on you demo account.  How many points did you go long or w/e it is and how much profit did you make so far?
 

Quote:

Originally Posted by JLC 

 

I meant it as in the way the price action has been playing out almost exactly the way they intend to do. For example the pinbar at the 62EMA/PPA (orange line resistance) signaled a short trade for me and it played out exactly as I had anticipated it. I can't say the same will happen with great probability in the equity market lol (for me anyway):

 

 

or is silver going to blast off again once the holiday is over?

Looks like its happening, and Gold is taking the brunt of it, what a shame
 

Quote:

Originally Posted by waddy41 

or is silver going to blast off again once the holiday is over?

Several market participants said silver's decline was accelerated by broker MF Global (MF), which they said raised its own margin requirements on top of CME's increase.

An MF Global spokeswoman declined to comment on whether the company had raised its margins.

Low trading volumes likely amplified silver's decline. It took less than 6,000 contracts changing hands, or around 3% of the day's trading volume, to knock prices to a two-week low on a day when many markets in Asia and Europe were closed. Gold has been less prone to such wild price swings as there are many more market participants trading gold futures, which reduces the influence of each individual transaction.

"This was panic-type selling. As the market started falling in the midst of thin volumes it drew more sellers to the market, and this created a vacuumed to the downside," said Dave Meger, director of metals trading at Vision Financial Markets.

Front-month May silver futures settled down 5.2% at $46.078 a troy ounce.

-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; tatyana.shumsky@ dowjones.com

yep, raising margin takes players out...

Can someone enlighten me as to why silver went down during the second half of trading today? From what I understand, the gap down this morning was due to an increase in margin requirements, but is the afternoon sell-off just a follow through? Or is their another reason?

Thin trading in the morning had a lot to do with it. Some Asian countries were not trading today.  Also margin calls as well as some other factors
 

Quote:

Originally Posted by LuckyFeva 

Can someone enlighten me as to why silver went down during the second half of trading today? From what I understand, the gap down this morning was due to an increase in margin requirements, but is the afternoon sell-off just a follow through? Or is their another reason?

But it seems to me that the volume this morning was relatively high compared to that of the previous days? And do you think most of the margin calls has already taken place? If not, then we'll probably head lower..

Quote:

Originally Posted by HFbamafan 

Thin trading in the morning had a lot to do with it. Some Asian countries were not trading today.  Also margin calls as well as some other factors
 

 

it was also moving inverse of the dollar.  the dollar ran up in the afternoon and silver went down.

Volume this morning was actually low on the buy side. Someone sold a shit ton of silver this morning and made fucking money. I saw every tick and there was no support what so ever. Article on it is on zerohedge.com .

Margin calls affected alot of people and were probably already priced into the futures market, but Think or Swim doubled the market margin to 60K wiping out a great deal of futures traders that can not place the capital to trade the futures market.. China has a lot to do with Silver and its spot price, which was reflected when no one in China was there to trade it.
 

Quote:

Originally Posted by LuckyFeva 

But it seems to me that the volume this morning was relatively high compared to that of the previous days? And do you think most of the margin calls has already taken place? If not, then we'll probably head lower..

 

 

Did you watch the price action of Silver during Asian and European trading hours because there until the 58% retracement it was trading just like it should
 

Quote:

Originally Posted by neptune 

it was also moving inverse of the dollar.  the dollar ran up in the afternoon and silver went down.