The short squeeze in silver failed and led to a dramatic, nasty bearish reversal. The implications are bearish until silver hits support in the low $20s. The good thing is this squeeze was always going to fail and its better it happened sooner as it could have led to an even more dramatic peak and reversal.
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Silver Short Squeeze Fails, Leads To Bearish Reversal
Published 02/03/2021, 12:41 AM
Updated 07/09/2023, 06:31 AM
Silver Short Squeeze Fails, Leads To Bearish Reversal
Latest comments
Wow Jordan Roy-Byrne you are so confident. So smart. Low 20’s eh. Short squeeze failed? At this moment silver is up 1.75% at time of this post. Let me give you advice. Go buy SILVER. Physical. Because we all like the metal.
No, this was a game changer. The cost of margin trading on silver futures contracts was quadrupled. This cuts both ways. Now the bullion banks holding shorts have to pay more. Will they not dump these positions asap? Remove the short position and there is only one way for silver to go. Citibank's worst case scenario is a 100% gain this year. Buy and hold never looked more cool.
paper silver boosting the attack but what a attack on the price.The Silver Train has sounded it's horn I hope you have your tickets .2 nd most useful commodity after oil.
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