Commodity Trade Mantra

Posts Tagged ‘Silver Trend Line’

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.

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