$1.56 a good closeWhy, because it bounced off the lows again indicating further gains are coming.
Due to the oversold PM's stock markets it would be in the shorts best interest to cover their positions and actually end up long. Yes there's money to be made shorting but as Gold and Silver continue to rise there's a lot more cash to be made in buying the stocks. The bearish days are over, supported by the fact volume is starting to increase again. There's a huge catch up game about to play out, which will make many of us comfortably rich. Good luck to us all.