Monday, June 24, 2013

Silver COT Chart

Silver COT (Commitments of Futures Traders) report continues to hint at silver developing a bottom. The red circles show where silver price tops and green circles show where price bottoms. The bump higher in the dollar is causing the silver weakness in recent days. Silver also has many industrial uses so the slowing global economy punished silver about -9% last week.The shiny metal should base and stabilize setting up a short-term recovery. Silver is down in early trading this morning. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.

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