Hlib Chabaniuk

Silver surges 10 percent after Gold short exit, Tom Dante notes

Silver surges 10 percent after Gold short exit, Tom Dante notes
Silver jumps 10 percent after Gold exit

Tom Dante reported closing a short position in Gold after a three-week hold, during which Gold declined by 18 percent. Following this, Dante took a long position in Silver, citing technical signals, including a bullish spike, IDF, and SFP, with an aim to target stops above the intraday high.

He noted that the new Silver position is already up 10 percent from entry, while highlighting recent strong moves in the metals markets.

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