Despite gold/silver climbing higher toward the highs of the day, AUMN comes under gradual but consistent selling pressure from $4.83 down to $4.70. As revealed in the 12/31/12 official short interest report, the shorts continue to pile on and my presumption is that they fired another counter-intuitive shot in the past half hour.

Q4 production results should be issued any day now.

Silverbull50