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Silver prices have been stuck in a tight range of Bollinger Bands, whipsawing traders and causing uncertainty in the market. Silver has been stuck in a range of $25.00 to $27.00 for the past month and a half, and this tight range has traders wondering when the market will break out.
Ira Epstein, the founder of Ira Epstein’s Metals Video 2 2 2023, has been keenly watching the silver market for signs of a breakout. He believes that the market is at a critical point and that traders should be prepared for a move either way.
Epstein believes that silver is in a “purgatory” stage, where it is stuck between the support and resistance levels and is unable to break out. He believes that the market is waiting for a catalyst to push it out of this tight range. He believes that the catalyst could be anything from a geopolitical event to a new economic report.
Epstein believes that traders should be patient and wait for the market to make a move. He believes that traders should look for signs of a breakout and be prepared to take advantage of the move. He believes that traders should also consider the risks associated with trading silver and understand that there is no guarantee of success.
Epstein believes that if the market does break out of this tight range, it could be a big move. He believes that the market could move higher or lower and that traders should be prepared for either outcome. He believes that traders should also be prepared for a whipsawing of prices and that they should be cautious when trading silver.
Overall, Ira Epstein believes that silver is stuck in a tight range at the moment and that traders should be prepared for a move either way. He believes that traders should be patient and wait for the market to make a move, and be prepared for a whipsaw of prices. He believes that traders should also consider the risks associated with trading silver and understand that there is no guarantee of success.
I've been doin well selling Silver puts
Raining gold today… booohooo lmfao
Only a matter of time before the silver blows up. Great advice to sit and wait for the move. Gonna have to be sharp to catch the insane move that will come off the monster base it's building. A 2 or 3 dollar move won't surprise me. In the meantime I'll keep adding to my silver hoard.