Silver is attractive as a short. Here are a few reasons why:
Silver has been an odd market for a long time with commercial hedgers selling and speculators buying hand over fist since last year’s bottom.
Now the metal is seeing a broadening trading range at resistance. Looking to the left, we can see 18.50 has been a significant level many times before.
Additionally we’re seeing a turn in seasonal performance right here. A very weak seasonal period continues into the end of Q2.
Trade ’em well
Full Disclosure: I have no position at the time of this writing, but I may take a position soon.