Hedge Fund Silver Shorts getting Squeezed Out

Take a look at the following charts of the positions of the hedge fund community in the silver market and notice what has happened to them as a result of the break of overhead resistance levels on the technical price charts. Shorts are being forced out as fresh longs invade the market.

You should also note that this data does not include today’s HUGE move higher which no doubt caught a large number of fresh top pickers off guard.

Author: Dan Norcini

 

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