Expect double-digit losses in silver by the end of 2016

From Dr. Steve Sjuggerud, Editor, True Wealth: 

The price of silver is going crazy…

The metal jumped 35% in the first half of 2016. It soared 17% in June alone.

The trend is certainly up in this precious metal. But things could be getting out of hand right now, according to history.

That means we could see losses – not gains – through the end of the year. And a fall of 10% is possible, starting now.

Let me explain…

After years of declines, investors are in love with precious metals once again.

Silver is no exception. Based on the Commitments of Traders (COT) Report – a weekly report that shows the real-money bets of futures traders – bullish bets on silver are at their highest level in history.

Not even in 2011, when silver prices nearly hit $50 an ounce, were futures traders more bullish than they are today.

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