from King World News
On the heels of some fierce trading this week in the dollar, gold and silver, traders and investors just witnessed an event that has only happened twice in the history of the silver market.
(King World News) The following is from Jason Goepfert at SentimenTrader: “Short-term optimism on silver is at a maximum. The Optimism Index for (the silver ETF) SLV closed at 100 on Friday, only the second time in its history (see chart below).
[…] The other was June 11, 2007, after which it dropped about 6% over the next week. With Optimism above 95, the fund’s worst performance tended to occur during the next 7-10 days, suggesting a high risk level for those looking to buy into a market that is generating a lot of interest.”