IntelArb

Silver Trend Break

Short
TVC:SILVER   CFDs on Silver (US$ / OZ)
Silver breaking the uptrend. Second wave of virus is accelerating in both the US and Beijing. Protests around the world only increase the probability of a meaningful second wave. This is deflationary and bad for silver. USD proved it is still the safe-haven this past week. Even with the virus risk the 'worst' in the US. USD still rallies on the global asset sell-off. Silver short, long Treasuries, probably the same trade.

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