Commodity Trade Mantra

Posts Tagged ‘Comex Silver Contract’

Is Silver Showing A Short-Term Bounce Or Getting Ready To Rip Higher?

Since mid-January the price of silver has been uncharacteristically “buoyant,” especially in relation to the price-action in gold. In general, silver outperforms gold on days when gold is being successfully manipulated lower and, in general, it outperforms gold on rally days. Whether or not this is nothing more than a short-term bounce or the start of the next big move higher remains to be seen.

The Comex Silver Short Bubble Is Huge

Yesterday the total Comex silver OI rose by another 4,909 contracts to close at 200,273. That’s the first time in the history of the Comex silver that total OI has exceeded 200,000 contracts. Why is Comex silver OI at record highs when price is at 5-year lows? From a CoT standpoint, this is all extraordinarily bullish for paper silver.

follow us

markets snapshot


Market Quotes are powered by Investing.com India

live commodity prices


Commodities are powered by Investing.com India

our latest tweets

follow us on facebook