2024-03-25 13:40:00 ET
Summary
- Just like gold, the price of Silver is overwhelmingly dominated by Managed Money positioning.
- No matter how you slice it though, the short-term moves in gold and silver are clearly driven by the futures traders.
- Over the long term though, the slow and steady price advance in gold is being driven by fundamentals such as central bank buying and physical accumulation.
By SchiffGold
Please note: the CoTs report was published on 03/22/2024 for the period ending 03/19/2024. “Managed Money” and “Hedge Funds” are used interchangeably. ...
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For further details see:
CFTC CoTs Report: Managed Money Still Driving Prices