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Omar8

06/30/23 6:53 PM

#35761 RE: AlwaysRed #35758

AlwaysRed,


"I am watching the remaining contracts that need to be dealt with for July. Once filled I will be looking at the price of silver to rise to the 26 dollar or higher level. "


How did you calculate that ? I looked at last year and from middle of July bottom to August high and estimate if it did the same we would be heading up to about $24.50

There is a low in July last year of $18.46 then hit mid August $20.81...but it appears from using last year pattern it would drop about $1 more dollar from where we are now before hitting low of July...so crude estimate we fall to about $21.75....then increase from there about 12% sometime middle of August....before they need to get prices dropping for September.