Apollo Silver Corp V.APGO

The Comex riggers are going to try to get silver under 30$

[Farquar]

The last thing the shorts on the Comex want to see happen is if silver has a monthly close above 30$.  . If silver closes above 30$ tomorrow it will be the 11th straight trading day with silver above 30$. 

The silver shorts have billions of dollars of losses since they piled on maybe a billion ounces of silver shorts back when silver was trading around 22-23$US. Don't know how many of these contracts are still open but the losses are staggering.

It will be interesting to see what happens tomorrow but already it is proving to be a huge task to tamp down the price..But they are caught between a rock and hard place. The more they tamp down the price, the more the chinese and the Indians will buy which could speed up the silver drain on the Comex. 

Is 30$/ounce going to be the new floor for silver?

[Riggo44]

Silver closed at $30.39 for the weekend and end of month. What do you make of that?

[Farquar]

The last time silver had a monthly close of 30$ or more was in 2013...That's 11 years ago.. Technically this is bullish for the price of silver...  The shorts failed to drive the price below 30$ which shows this bull run is quite powerful right now..