MAJOR WARNING In The Silver Market, But Gold Is A Different Story…
MAJOR WARNING In The Silver Market, But Gold Is A Different Story…
After this week’s plunge in the metals, here is an important update on the gold and silver markets.
There are major warning flags in the silver market. Longer-term, the price of silver will break through the all-time high of $50 on its way above $100. But in the very short-term, the commercials still have near all-time record short positions, despite the pullback in the silver market (see chart below).
This means that it is quite possible that we could see continued weakness in the silver market, until the commercial positions show a significant change…
