Silver? Maybe Not So Much …

Posted on Apr 20 2015 - 1:16pm by Sharpe Trade

I stated a few weeks ago in a podcast that there may be a long play in Silver, as long as we saw a daily close above $16.61.

We never got such a close.

Now?

I have no outright positions at the moment, but as far as my outlook?  I remain completely bearish on Silver prices.

The first firm support is obviously around $15.50.

Silver is within a seasonally bullish time period at the moment, and it can’t even give one daily strong close?  And only uses any strength to sell off harder?

Not a good sign for the Silver bulls.

I’m bearish until I see a strong daily close.

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