FxWirePro Call Review: Maintain short positions in Silver; target further extended to $12.75

Early last month, we called on our readers to go short on Silver at the then current rate of $15.8 per troy ounce with a target of $14 per troy ounce area citing unfavorable fundamentals, which are a stronger dollar and rising interest rates, https://www.econotimes.com/FxWirePro-Short-Term-Outlook-Sell-Silver-targeting-14-per-troy-ounce-1403001

Since our call, the selloff in Silver has further intensified and the price is currently at $14.6 per troy ounce area. Based on our latest calculations, we would like to further extend the target from the current $14 area to $12.75 area.

In addition to the above-mentioned unfavorable fundamentals, a slowdown in China thanks to U.S. trade war would very bearish for the metal as it is the major consumer.