Silver is finally back over $20, after a big rally to finish out last week. And as silver trader Vince Lanci talks about in today’s show, it’s due to a lot of short covering by the silver shorts, as they’re being discouraged from being short by their trading advisors.
Vince talks about whether the shorts are looking at the declining silver inventories on the LBMA and COMEX, and whether that’s influencing their trading. As well as the impact that the Shanghai market has had on the recent price action.
He looks at the silver chart and shows some of the levels that the hedge funds are reacting to, and explains why we can expect to see some exaggerated moves between now and the end of the year.
So to find out more about the positioning and dynamics of the silver market, click to watch this video now!