Covered Short Against Bearish Silver ETF DSLV

I could miss the opportunity of a life time (always a bad way of thinking as a trader) but I am not going to take the chance that this is a little bear flag forming on SLV. I took my modest 3% from shorting DSLV and booked it.  This little trading account that I reserve mostly for shorting has been on a hot streak lately and now, with no positions open none of it can be given back.

I know I know, I said I’d try to have the strength to hold it for a silver rally but it’s my money and now it’s my profit.  I hope to revisit the trade again because seldom do these impulsive declines just stop in their tracks.  Silver remains suspect for the very short-term below the moving averages.