.........Monday may be the day to back up the truck.....however, if the margin increases do NOT tamp down the price, the sky is then the limit.
“ the sky is then the limit.”
That phrase is said in every bubble
I doubt the margin hikes work this time. January 1st is contract due day on COMEX. You have to say if you want physical delivery or not. We are in a flight to equity situation right now. Everyone wants physical possession.
COMEX is going to likely be in a world of hurt come January 1st.
I am not involved in trading, but are these the same traders that tried twice to take crude oil to $200/barrel?
As I understand it this applies to paper silver which you really shouldn’t be in. This does not apply to physical silver which is the only thing to own. This is the CME trying to protect the big shorters from getting absolutely slaughtered that are shorting paper silver. They have no physical silver to back up their paper