The silver market has been very interesting lately but what really rankles me is the various commentaries that have popped up from across the financial media world. It seems that as soon as silver gets near $50, all of a sudden the silver bears come out of the woodwork and even some usually bullish observers are leap-frogging over to the silver bear camp. What are silver investors and speculators to do?
First of all, as we have known for years, silver in the short term can be very volatile and abrupt pullbacks can happen. The leading culprits for recent pullbacks (which resulted on April 26 and May 2) were the moments that the futures exchange raised the margin requirements. The first time was on Monday April 25 and then again on Friday April 29 (a whopping 75% increase). For those that were long in the silver futures market those were exasperating moments. Should we be concerned or pessimistic about silver’s future?
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