Commodity Trade Mantra

Posts Tagged ‘Silver Short Contracts’

Silver at Crucial Level, Commercials Underwater for Almost a $1 Billion - NOW?

As we have now punctured an important silver trend line, what happens next could be very interesting. If silver closes above $20.35, the 50 (MA) trend line at a significant margin, we could see a lot more hedge funds and large traders jump into the silver market bandwagon. Bullion banks who hold record commercial silver short contracts, will likely defend the $20.35 price at all costs.

Watch Out If Silver Price Breaks Through This Technical Level

The huge Silver Rally last week took a lot of precious metals investors by surprise. We may see the banks try and hold silver from crossing this trend-line, but if silver does close above $20.50 this week and continue higher… it could spell real trouble for the bullion banks who hold a great deal of silver short contracts. Silver needs to close above 50 MA Threshold of $20.50, to soar further.

Something BIG Is About To Happen To Silver

U.S. silver bullion imports surged 44% in the first months of 2015 compared to the same period last year. Who is acquiring this silver… and why? Also as per the recent COT Report, the Commercials (big bullion banks) added a massive 18,595 new silver short contracts in just the last week. What does this all mean?

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