Silver experienced a massive short squeeze today that was initially triggered by data from China. Our proprietary algorithms slice and dice every tick of the silver futures and various silver ETFs such as iShares Silver Trust (SLV).
The pattern today in siver was classic short squeeze. Shares of various silver ETFs were not available for short selling at a number of brokers.
The pattern today in siver was classic short squeeze. Shares of various silver ETFs were not available for short selling at a number of brokers.
The short squeeze may be climaxing here. We added four 5% tranches to the short position on the silver futures at $42.12. Now we are short 25% of the full score size quantity on silver.
We caution readers that this is a high risk high reward trade.If there is a correction in silver, it is likely to be sharp and quick.
