DBS News and Press, Invesco DB Silver Fund From 12/24/22

Summary December gold is having the weakest major delivery month since February. Similar to gold, silver is showing a relatively weak delivery month with only 4,335 contracts delivered so far. Things in platinum could get very interesting. Platinum only has 4 major months a year (Ja...

Summary After several failed tests and breaks, it looks like DXY has finally broken up. Silver has turned down for 2 days in a row. What’s worse is that it is in a Bearish Flag pattern and if the lower trendline is broken at around 23.40, this could get ugly fast. The miners ...

DB Silver Fund ( NYSEARCA: DBS ) - $0.1371 . Payable Dec 23; for shareholders of record Dec 20; ex-div Dec 19. For further details see: DB Silver Fund declares annual distribution of $0.1371

Summary The top two mega themes in terms of global net inflows in 2022 were Climate Change-related themes and Big Data. The largest net outflows came from tech-heavy themes, led by Robotics & Automation. 2023 may bring a return to more normal markets driven by economics rather t...

Summary Expectations surrounding central bank policy, China’s gradual reopening and a lower US dollar are key to investor sentiment in the final stretch of 2022. Central banks have increased interest rates at the fastest rate on record, and there are signs that higher yields are ...

Summary This market action has led to the fourth Spec short squeeze in as many months in COMEX gold and silver. The near-the-money calls have far more open interest than puts. COMEX gold has successfully reversed the breakdown out of its 2-year range between $1,700 and $2,000....

Summary CPI numbers that are higher than expected will keep rate hikes front and center, whereas lower results than forecast would be supportive of even higher prices in metals and miners. The momentum displayed by the MACD is very bullish, but the RSI is close to being overbought...

Summary Rising and positive real yields continue to be a major headwind for gold over the short term. However, this move in higher real yields is likely only temporary. From a technical, positioning and sentiment standpoint, we appear to be nearing an excellent long-term contraria...

Summary The gold market enters trading for the month of November on a losing streak. The primary fundamental impediment to higher metals prices is the lack of any respite from Federal Reserve rate hikes. Over time, gold prices respond inversely to the cumulative destruction of...

Summary Swaps increased net shorts over the month which helped drive total net positioning slightly higher. There has never been a downward move like the recent one. The Fed might be dialing back the hawkish talk this week which could be the soft pivot that marks a bottom in t...