Will Silver Short Sellers Get Body Slammed?Summary
The daily silver chart shows silver stuck in symmetrical downtrend lines.
Silver needs to overcome downtrend and horizontal resistance to end the bearish move that began in mid-2016.
Possible short-covering above $17 in silver (about $16.10 in SLV) might do the trick. This could take a few weeks to accomplish.
The reader can see that the $16.70 level for COMEX silver is important resistance, and the $16.30 level below and the 20 day moving average near $16.10 might provide support for the coming week.
Source: Seeking Alpha
https://seekingalpha.com/article/408963 ... ngcom_feed
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