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While the gold price has been at the focus of the precious metals market's attention over the past few weeks as it broke through the $2,100 level and setting new highs, the silver price rose sharply last Thursday and is now up over 13% over the past month.

The move last week also occurred after the banks again increased their short position, which suggests the possibility that there could be another correction in the near future. Will we see that?

Andy Schectman checks in to talk about the rally, the shorting, and also the latest progress by the BRICS.

Video Length: 00:31:13

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