TRADE UPDATE – ZSL
I've established an initial position short silver via ZSL at 13.77-13.80.
I have been bearish on precious metals since mid-August. I believe that both gold and silver are headed much lower as they have no catalysts going forward.
The same bearish opinions that I expressed in August apply now. We have experienced a very weak bounce over the past couple of weeks. A good opportunity to reestablish a short position in precious metals after covering my gold short a couple weeks ago.
