If the Banks become increasingly cautious in creating and adding new shorts, then the price will have to rise to a point each day where sellers of existing contracts appear.
With silver overbought and herd greed soaring, downside risks abound. Silver will get sucked into and amplify any material gold selling back to the lower end of its high-consolidation trading range.
It’s a testament to the unique characteristics of this bull market in metals and miners that silver’s rocket-shot higher in recent days is surprising to so many.
It appears that silver will reach a minimum of $80 to $90 (depending on how you measure) when it completes. Silver is currently in the midst of that rally.
