Commodity Trade Mantra

Posts Tagged ‘Silver Positions’

Silver Prices Supported by Lack of Follow-Through Selling

After coming under pressure on Friday and dipping to 8-week lows, silver prices gained some respite on Monday with a retreat in US bond yields helping to cushion the risk of further short-term selling. Latest COT data recorded a further decline in long non-commercial silver positions to over 82,000 contracts from 85,000 the previous week & the lowest reading since June.

Ted Butler’s Silver Price Outlook

What do we make out of the current gold and silver futures positions? One thing is clear, as both Butler and Steer have reiterated, the rate of accumulation in short positions of commercial traders during the next rally will determine to which extent the rally will run. I’m thinking the commercials and JPMorgan will let it rip this time.

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