Comment: Flat again

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Flat again

I have covered my short position in silver (for a profit)and await higher prices to re-enter short again (sell the rallies!).

The metals are oversold and trader sentiment is very negative. It is certainly possible for prices to cascade lower, but a temporary low which should hold for several weeks or months is not far away. If prices break last week's low then we could drop a bit more, and I may re-enter then, but prices will eventually rebound to at least current prices so I probably won't chase.