The Silver Crash Has Just BegunThe downward trend in silver continues, with the price recovering only marginally after strong sell-offs.
Of particular importance are the bearish fair value gaps, where any recovery fails.
We are taking advantage of this situation and shorting silver. The next price target is USD 27.82.
We assume that there will be a further significant fall in prices, at least to the USD 21.80 range. Prices in the region of the 2020 lows of around USD 16.40 are even conceivable and quite likely.
However, as the silver price is very volatile, we prefer short shorts with manageable take profits.