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Silver: The Rallies Are Getting Smaller And Smaller

Posted on 06 August 2014

Silver’s nearly 15% rally from the first week of June that took it from a low of $18.75 to a high of about $21.50 appears to have ended. Silver has given up about half of those gains and is currently trying to hold the $20 mark. Back in the glory days of silver’s bull market (pre-2012), silver had large rallies that easily exceeded the most recent 15% run-up.
There is still some negative psychology in the precious metals market. Fundamentals for silver don’t seem to matter, at least in the short-term. The hedge funds are still overbought according to the COT report………………………………………..Full Article: Source


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VRS - who has written 38515 posts on Opalesque Commodities Briefing.


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