Yeah I have not bought much silver in the last 3-4 months. Also you can see retail demand is way down. Many silver investors are wise to the commercials game in the paper markets. They know lower prices are ahead in the next 3-5 months so waste you money buying silver at $16-$18. The shorts did some covering over the past month on this $1.50 price rally but now they are piling the shorts back on. To me its pretty simple they can do what they want, so let them bring the price down.
Deal just been working living the dream like everyone else. Have not been around much silver is sorta dead in the water. Yeah we this pop above it's 50 and 200 day MA. However the crooks will not allow that to stand for long. This is evident by the off the wall shorting by the commercials last week to keep prices in check and stop the rally. Also it's going to at least 15.50 and they will try to break that support which has been in place for about a year in a half. That breaks we are going to 12.
Get ready for the big silver smash the crooks short the largest amount on record in one week in the futures market. All most 24,500 contracts or 122 million ounces which reversed silver from $17.80 high all the way down below its 200 day MA. Prepare for much lower prices over the next few weeks and don't be surprised if we trade below $15. the crooks did it again with the paper shorting.