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Silver: Short Squeeze and Physical Demand
Silver has screamed to the upside yet again during the trading session on Monday, as we continue to see the short sellers get punished, and there is a run towards physical silver. Whether or not that actually ends up being sustainable, I think, is a completely different question, but as things stand right now, the paper markets, the futures markets, for example, are screaming to the upside. Short-term pullbacks I think, open up the possibility of buying opportunities, especially near the $55 level. Ultimately, if we do continue like this, we will test $60 an ounce, which, of course, is a major victory for the bulls. ... (full story)
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