Silver doesn't close at 2:40pm It basically trades 23 hours a
day with a break from 5:15pm to 6pm eastern time. The pit trading
hours are from 8:25 am eastern to 1:25pm eastern. Although trading
stops at 1:25pm in the pit electronic trading doesn’t stop until
5:15pm eastern. It starts up again at 6pm. Gold also had a spike at
2:40pm so don't think it was some plot by the algos on just silver.
Lots of times in the PM markets you will get spikes up or down,
could be running stops, etc. Sometimes it pays to fade the stops,
sometimes not.
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Silver doesn't close at 2:40pm
$silver.. It posted a bullish hammer at the close at ...
Posted by victorh on 30th of Jan 2020 at 11:39 pm
Silver doesn't close at 2:40pm It basically trades 23 hours a day with a break from 5:15pm to 6pm eastern time. The pit trading hours are from 8:25 am eastern to 1:25pm eastern. Although trading stops at 1:25pm in the pit electronic trading doesn’t stop until 5:15pm eastern. It starts up again at 6pm. Gold also had a spike at 2:40pm so don't think it was some plot by the algos on just silver. Lots of times in the PM markets you will get spikes up or down, could be running stops, etc. Sometimes it pays to fade the stops, sometimes not.