Silver, There’s So Much More Going On

We don’t learn much about the principles of money-making in school. After basic living costs and security, money-making motivation is extending one’s self-expression. That next big purchase, that next vacation, living on a larger scale. Freedom! When stepping into the trading arena, the environment allows for such freedom. No nine to five, no rules, no boss; after all, you can do what you want with your money. A true lure for self-expression. That is a very dangerous environment. Without a tight rule-based framework, there is no chance of making money. It requires even more discipline than a typical job where you can get with charm and wit to manipulate a boss or colleagues. The market will not bend on your smile. Silver, there’s so much more going on.

This means the environment where you can extract the financial gains to live a more free life is first squeezing you into a very unfree daily exercise, for most an unsustainable task.

In addition, the only way to succeed is to overcome an endless array of obstacles. Setbacks are the norm, and most expect riches to come soon, but it takes experience to be a consistent trader.

It is especially now, with Silver being right before breakout to new highs, essential to have one’s ducks in a row. Professional market makers are all in line to get their piece of the pie and make this market with all its potential not easy to trade for individuals.

Monthly Chart, Silver in US-Dollar, Good risk/reward ratio:

Silver in US-Dollar, monthly chart as of June11th, 2021.

Silver in US-Dollar, monthly chart as of June 11th, 2021.

We find the only way to consistency is by looking at the market always from a risk perspective. If risks are acceptable, exposing one’s capital is fair. The monthly chart above shows prices heading for the third time to the US$30 mark with a reasonable chance of a breakout. A fractal volume transaction analysis of the Silver market from March last year up to recent data shows a strong supply zone at US$27.50.

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Disclaimer: All published information represents the opinion and analysis of Mr Florian Grummes & his partners, based on data available to him, at the time of writing. Mr. Grummes’s ...

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