Been tracking silver lately, but the market’s all over the place. Tried a few prediction sites, but they’re hit or miss.
Anyone found a reliable source for silver forecasts? Or do you just wing it based on trends?
Silver’s a tricky beast. After years of trading it, I’ve learned not to trust predictions much.
What’s worked for me is tracking big industrial buyers. When companies start stockpiling, it often signals a price jump coming.
I also keep tabs on the gold/silver ratio. When it gets too high, silver tends to play catch-up.
ETF flows are another good indicator. Big inflows usually mean bullish sentiment building.
But the most reliable? Price action and volume. When silver breaks a key level with high volume, that’s often the start of a solid move.
Just remember, silver’s volatile. Use tight stops and don’t over-leverage. I’ve seen too many accounts blown chasing the next big silver rally.
I check financial news sites and watch market trends. No one can predict silver prices 100%. Just gotta do your research and make educated guesses.
I don’t rely much on predictions for silver. It’s too unpredictable.
Instead, I watch economic indicators, industrial demand reports, and central bank policies. They give better insights into potential price movements.
Technical analysis helps too. Look for clear support/resistance levels and trend lines on different timeframes.
Remember, even with good analysis, always use stops and manage your risk carefully with silver.
Charts and gut feeling. Predictions are often wrong.
Forget predictions. They’re mostly guesswork and marketing hype. I’ve seen traders blow accounts chasing forecasts. Focus on price action and solid risk management instead.
Keep an eye on USD strength, industrial demand, and inflation data. They impact silver more than crystal ball forecasts. Set clear entry and exit points based on support/resistance levels.
Don’t bet big on silver moves. It’s volatile. Use proper position sizing and always have a stop loss. That’ll do more for your trading than any prediction site.