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No Bottom in Sight for Silver ETFs

Posted on 28 August 2014

Precious metals like gold and silver started off the year with much promise after staging a counter trend rally that defied their tremendous fall last year. However, the sellers have re-established downward momentum and are focusing their efforts specifically in the silver market.
According to Bloomberg Businessweek, short bets in silver futures contracts reached a 14-month high last week as prices fell to new August lows. Investors are clearly increasing their net short exposure on the expectation that this hard asset will re-test its June lows………………………………………..Full Article: Source


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VRS - who has written 37214 posts on Opalesque Commodities Briefing.


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