From Dr. Steve Sjuggerud, Editor, True Wealth:
The price of silver is going crazy…
The metal jumped 35% in the first half of 2016. It soared 17% in June alone.
The trend is certainly up in this precious metal. But things could be getting out of hand right now, according to history.
That means we could see losses – not gains – through the end of the year. And a fall of 10% is possible, starting now.
Let me explain…
After years of declines, investors are in love with precious metals once again.
Silver is no exception. Based on the Commitments of Traders (COT) Report – a weekly report that shows the real-money bets of futures traders – bullish bets on silver are at their highest level in history.
Not even in 2011, when silver prices nearly hit $50 an ounce, were futures traders more bullish than they are today.