Downside pressure increase has silver hits the trend line downside pressure is expected as commercials hold 147,138 NET SHORT position compared to 73,357 long positions.
Even though we saw a reduction in short positions by 2,848 contracts the down trend is still likely to continue up to the support level 16,70-16,50 area this quarter.
Even though we saw a reduction in short positions by 2,848 contracts the down trend is still likely to continue up to the support level 16,70-16,50 area this quarter.