Loading ...I am not seeing any excitement in the shares (especially silver) considering the sh*t kicking SLV option writers are taking today. In the past they would have used the futures market to knock silver lower … and they have been trying with the futures trading lower than cash … so it’s not working … and is in fact very bullish.
So you would think traders would be looking at this and bidding the shares higher … and more liquid shares are well bid … but still not reflective of any hurry to get involved.
But then many juniors are comatose … with top calling and blatant shorting widespread.
They better hope silver doesn’t pull a ‘crazy Ivan’ on Sunday night / Monday and surge higher yet again.
I am trying to see the bearish case right now and I just don’t see it.
These guys must have deep pockets and no respect for risk (because they are using other people’s money).
Cheers all