Eoin Treacy's view

I decided to take a profit in my silver position today. A short-term overbought condition is now evident so there is scope for some consolidation. I still hold gold, palladium, white sugar and oats in the commodity space and will seek to increase my precious metals position on any weakness. I sold the more expensive of my two silver positions today at $15.45 against my purchases on December 4th at $14.55 including spread-bet dealing costs.