Is it because shorts can't get out?
Chart 1: COMEX Silver Stock |
Chart 2: APMEX 100+ silver coin premium |
Chart 3: APMEX 1-19 silver coin premium |
Chart 1: COMEX Silver Stock |
Chart 2: APMEX 100+ silver coin premium |
Chart 3: APMEX 1-19 silver coin premium |
Is this in theory bullish or bearish for metals?
BeantwoordenVerwijderenThe premium is bullish for silver.
VerwijderenNormally the high open interest in silver is bearish for silver, because shorters want silver to go down. But in this case we have shortages and don't know how it will blow up by short covering.
I'd say overall I'm still bullish on silver.