After Silver’s Spectacular Surge, SentimenTrader Issues All-Important Update on Silver

from King World News

After the spectacular surge in the price of silver, today SentimenTrader issued a new update on the war that is raging in the silver market.

From SentimenTrader: “Optimism on silver has climbed to a nearly 2-year high. Over the past five years, when silver’s Optimism Index was 65 or higher, it showed a negative return over the next 40 days on 81 out of 82 days that it occurred (see chart below).

[…] The longest it (silver) continued to rally after showing such optimism was 11 more days in September 2012. Its maximum gain at its best point over the next two months averaged +2% versus an average decline at its worst point of -10.8%.

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