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Big Action in Silver last night…

Posted | 21/05/2013 / Views | 3691
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Very interesting action in silver yesterday that saw a big plunge (to $20.25) followed by an even bigger recovery ($23.50).  Knowing the massive short positions held by the bullion banks/hedge funds, the trading graphs look very much like they didn’t expect a turnaround and then panicked at the recovery with massive covering (buying) of their positions which in turn created a big spike in the price.  These games must end in favour of holders of physical silver one day soon surely… Read the full article on our website.

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