Time To Short Silver ETF?

Posted by Murray Coleman Back in the late 1970s, silver had a run that reminds advisor and blogger Andrew Horowitz of what’s going on today.
“The actual flight to silver climaxed when it reached close to $54, then suddenly collapsed,” he recalls.
Considering that the U.S. dollar has made a big move since the Fed’s quantitative easing took hold, “we may have found a spot to enter a short position for silver.”
Over the next several weeks deficit-reduction plans figure to impact the plight of the greenback, Horowitz notes.
“In other words, everyone is on one side of the ship. In the event of a change in direction or sentiment, there could be a tremendous move that will provide for a dollar squeeze and a short cover in silver.”
Horowitz wrote that he’s opened a short position on a silver ETF. While not naming the particular fund, presumably it’s the iShares Silver Trust (SLV) or the ETFS Physical Silver (SIVR).