Silver Decline Nearing an End

silver-bars

Our research for TraderPlanet this morning suggests that the decline in silver may be nearing an end which could spring the mother of all short traps. The weekly Commitment of Traders report has shown commercial traders are exceptionally bullish at these prices and the trends on the chart suggest that December silver futures may not reach their downside objective thus forcing many small traders and trend followers to finally exit their short silver positions.

 

commercial silver futures purchases
Persistent commercial trader buying in silver futures suggests this market may be nearing a bottom.

Read the full story - Silver Market Vulnerable to Short Covering Rally