After a huge spike in the futures overnight…they were up as much as 8ish%…it almost touched the psychcologically important $50 area ($49.80) to be exact. That was the absolute high however so far today and for the time being at least it looks like silver futures might leave a huge tail today (candlestick with long tail above), which would be bearish at leas for a trade.
If silver futures close today with a negative tail like that it would seem to me that more short sellers would pounce for a trade and longs might get scared and take some profits.
