In the live broadcast, I discussed silver. After taking profits at 73.4, I ultimately decided to use the dip to build my first position at 68. At that point, with the first position established, there was only a 4% gap to my limit order at 65. So I canceled the 65 pending order and reallocated it to the 60 round number. As luck would have it, the market ended up hitting bottom right at 65 today. With the silver delivery on March 27, the price pressure can only probe the bottom this way.
I still expect gold and silver to decline further, but I'm temporarily not placing orders at 50. I've considered the extreme scenario of holding through until next year, hoping it won't lock in losses too severely.
In the live broadcast, I discussed silver. After taking profits at 73.4, I ultimately decided to use the dip to build my first position at 68. At that point, with the first position established, there was only a 4% gap to my limit order at 65. So I canceled the 65 pending order and reallocated it to the 60 round number. As luck would have it, the market ended up hitting bottom right at 65 today. With the silver delivery on March 27, the price pressure can only probe the bottom this way.
I still expect gold and silver to decline further, but I'm temporarily not placing orders at 50. I've considered the extreme scenario of holding through until next year, hoping it won't lock in losses too severely.