SLVO - The 'Washed Out' Silver CoT

• When the "Speculators" get overly excited, bullish, and long, a price top usually follows as buying momentum for COMEX contracts is nearly exhausted.
• While it certainly does not appear that there are any fed funds rate cuts planned for the near future, it's helpful to know that the COMEX silver Commitment of Traders positioning is already similar to where it was the last time The Fed switched course.
• Given the historical Commitment of Traders and price data, it's quite likely that further dips will be shallow and that the ratio of risk to reward is now heavily skewed toward reward.

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