Loading ...Silver On The Verge Of A Breakout
Summary
•Silver prices are trading almost 25% below the values predicted by our price model. This is the largest downside deviation we have seen in over 25 years.
•We believe this is the result of massive short selling in the futures market.
•In order to maintain this downward pressure on silver, speculators would have to continue to sell over 500 million ounces of paper silver per year.
•A reversal of this positioning could lead a >30% rally in silver prices in our view.
cont. https://seekingalpha.com/article/4163919-silver-verge-breakout