Looks like silver got squeezed, shocking fast move. Any one with a good idea here? I not sure if this place to post, only posting cause this is a truer reflection on prices and cause faster reponse times.
A big hedge fund jumped into silver instead of gold is all. The pros know that silver will outperform gold in a bull market, so these jumps are an indication of a pending bull market. IMO if silver doesn't drop below 20 USD in the next month, we will never see silver under 20USD again.
Sprott bought $1.5 billion of silver and asked for physical delivery. 8% of worldwide production. giddyup!
Here's a link to the article. https://kingworldnews.com/silver-sh...jaw-dropping-8-8-of-annual-global-production/ I think its more about the raising if the money to buy silver rather than bought and asking for physical so a little different but still v bullish for the metal.
Check out my older post . Triggered technical expansion above 21.50 = shorts got stopped out and Longs adding on confirmation 26 and ($35 Is major test ... closing above $35 should trigger powerful move like we have now.) watching $26 usd for next consolidation and flags