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Silver Alert: Bankers Hit The 200 DMA Without Follow-Through. What’s Next For Silver? (Bix Weir)

A massive fiery explosion erupts at night, sending sparks and smoke billowing above a dark landscape.

“The Silver Riggers hit the 200-Day Moving Average…as was their goal! From this action they were not able to close many short positions but rather shift them from July to September. That’s all they got! But what’s next? Will “They” keep shorting Silver until it hits -$40 like they did with OIL?! Or will they try and close out shorts forcing the price to rise over $100 again?”

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The SilverTrade Insider publishes market news and interviews with named analysts. Opinions expressed by contributors and interviewees are their own, and they may hold positions in the metals, miners or securities they discuss. Nothing here is investment advice.

SilverTrade is affiliated with SD Bullion, a precious-metals retailer, and SD Depository, a precious-metals storage company. Some contributors hold roles at affiliated companies. See our Editorial Policy.

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