ag comments fromtonites murphy midas
"The trading in silver remains peculiar and I still think potentially explosive. There is no upside momentum yet as we have in gold. However, the big buyers (we believe Saudis among them) are lurking around on all dips. Silver was knocked down 5 cents mid-day and quietly came right back. The buyers are there, but will not pay up and are in no rush for the price to soar yet.
The silver open interest fell for a change … to 155,073, off 3079 contracts. Most likely this represents some liquidation ahead of the Comex option expiry today and to some further selling by former spec long Morgan Stanley.
Silver is breaking out of its base also and should accelerate from today’s close in the weeks ahead:"
DEC silver
https://futures.tradingcharts.com/chart/SV/C5