Massive shorts on SLV, high number of stand for delivery, all pointing to a potential break down of Silver market. This Ed Steer interview gives good insights to the developing problem
🔴 Did the SILVER Market Just Break? (who REALLY controls the price?) https://t.co/SvsNNVqgJp…
— David Lee (@DavidLe76335983) December 28, 2024
UPDATE: $SILVER FUTURES
So far the backtest of the neckline has held and price has moved lower since then.
At this stage its hard to be objectively bullish in the short term but we are still above the recent lows and the 200DMA.
Tricky time of year with the holidays and low… https://t.co/ovL8m3LYCN pic.twitter.com/0WN6vo9hRh
— Silver Surfer 🇷🇺 (@SilverSurfer_23) December 27, 2024