as I mentioned in june a drop back to 19teens or possibly to supportlevel around 18,20 will be the ultimate chance to get silver cheap. impo by end of august we'll be back around high 20.80 or even 21+ Commercial short and Large Spec long positions are still at a very high level, having only eased marginally last week. This is not good news for silver bulls, and suggests that, near-term rally or not, silver is likely to drop back to the $18 area at the supporting trendline of its major uptrend channel shown on its long-term 15-year chart lower down the page, and possibly lower. Bulls will want to see the COTs ease considerably on such a drop.
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