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Silver: Why Short Sellers Are Waiting to Fade This Silver Rally

From dailyforex.com

Longer term, I am bullish on silver, but I also recognize there are several things to work through at the moment. The silver market continues to be very noisy, and we continue to dance around the $60 level. The $60 level is a large, round, psychologically significant figure, an area that I think will continue to be important, but it's also worth noting that this grind higher has been lackluster to say the least. Even if we rally from here—and let's be honest, we could—the reality is there are a lot of people out there that are watching the Federal Reserve and expecting the Federal Reserve to raise rates twice this ... (full story)

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  • Category: Technical Analysis