Flows and Orders/FXWW News

Silver: Break above 20.50 will trigger large short-covering

I haven’t been trading Silver at all actively in recent months and I don’t have a strong feel for where the big levels might lie. But one of the big Prime Brokers suggests that 20.50 is the big level to watch topside and that a break above there will trigger some heavy short-covering, so keep this in mind if you are actively trading the metals.

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