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Silver: Pierces the 70 USD Level
The silver market continues to defy gravity, and really, at this point in time, I think it is overbought at the very least. The market did break above the $70 level at one point in the futures market during the trading session on Tuesday, but it is giving back some of the gains. This makes sense because silver, like many other commodities in the futures markets, does tend to react to these big figures, and therefore, I think giving back a little bit as we pierce $70 makes quite a bit of sense and perhaps leads to a short-term pullback.That being said, this is a market that I have no interest whatsoever in shorting, ... (full story)
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