• Despite comments from renowned Fed-watcher Hilsenrath that we may see some tapering sooner rather than later, Silver still managed to rally by 2.5%;
  • I’ve heard some second-hand reports which put Silver shorts at quite severe levels heading into the holiday season;
  • Trailing stops are reportedly large above $20.50.

I haven’t been actively trading it recently and I don’t have a strong feel for the important levels, but based on the charts alone, contrarians can surely consider playing this from the long side with stops below recent $18.95 lows, adding to the position through $20.50?