SILVER SHORT TO 16.70 AS COMMERCIALS TURN 147,138 NET SHORT!.
Downside pressure increase has silver hits the trend line downside pressure is expected as commercials hold 147,138 NET SHORT position compared to 73,357 long positions.
Even though we saw a reduction in short positions by 2,848 contracts the down trend is still likely to continue up to the support level 16,70-16,50 area this quarter.
Even though we saw a reduction in short positions by 2,848 contracts the down trend is still likely to continue up to the support level 16,70-16,50 area this quarter.