Commodity Trade Mantra
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Posts Tagged ‘COT Chart’

Copper Price Outlook & It's Implications on Silver Prices

It is important to keep in mind that we are not looking at copper for its own sake, we are looking at it because of its implications for the economy generally, and especially because of its implications for the outlook for the prices of other metals, especially silver prices. What we are seeing on these copper charts, principally its long-term chart, bodes very well indeed for the future trend of silver prices.

Silver Outlook: Short-Term "Overbought & Volatile", Long-Term "Positive"

Commercial short & Large Spec long positions in silver have built up to a very high record level, making a reaction back soon a high probability. Bullishness towards silver is now at extreme levels, and while this doesn’t always lead to an immediate reversal, taken together with the other factors, it does suggest that caution is in order with respect to silver’s immediate prospects.

The Silver Market Update

Although Silver’s long-term charts are more messy and difficult of interpretation than gold’s, on its long-term 7-year chart we can […]

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