Commodity Trade Mantra

Posts Tagged ‘Long Positions in Silver’

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.

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