Smells Like A Silver Short Squeeze In The Making
Blogs Forbes.com reports that the price of silver slipped yesterday to $25.56 an ounce.
Blogs Forbes.com reports that the price of silver slipped yesterday to $25.56 an ounce.
Silver contracts broke through the $9 level this morning, down 36 cents at $8.95 per ounce for a loss of nearly 3.9%. For full story, click here
Since the recent top in July, prices have undergone a collapse. A large U.S. bank or two sold a massive number of COMEX silver futures contracts into the top and covered a good number of those short contracts on the resultant price decline. This is the most important factor behind the price collapse. For full story, click here
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