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.

Silver (1)

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.

Screen Shot 2017-04-23 at 9.47.08 PM

Trade ’em well

Full Disclosure:  I have no position at the time of this writing, but I may take a position soon.