Volatility Could Be Brewing For Silver

From forex.com

With Silver prices continuing to coil, it remains touch and go as to which way it could break. But with volatility seemingly brewing around a pivotal area, when it breaks, it could be hard and fast. Ultimately, we suspect silver’s price action is fast-approaching an inflection point. However, a quick look at market positioning paints a bearish view. As noted in Monday’s COT report, silver’s bullish positioning is at its weakest level this year and on the verge of flipping to net-short exposure on rising volumes. Furthermore, managed funds are net-short for a second consecutive week with gross-short exposure ... (full story)