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O’Hare: Why I am shorting silver

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Steve O’Hare believes a rally in equities will continue and put silver under pressure, which is why he is looking to short the precious metal.

O’Hare says an evening star formation has appeared on charts, where also a bearish flag looks to forming, which is part of a possible head and shoulders formation. O’Hare says he will sell at USD 15.00 and his targets for the trader are USD 14.30, USD 14.00 and USD 13.63 with a stop at USD 15.25.