Silver sinks below $22 as banks cover more short positions

Silver sinks below $22 as banks cover more short positions

Silver dropped below $22 again on Memorial Day, capping what has for many investors been a frustrating month-long selloff.

However the interesting trend beneath the surface is that the banks continue to cover their short positions. Which does not guarantee that the bottom is in, but traditionally has been one of the best indicators of when the selling pressure is finally wearing out.

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(URL0VD)