zaterdag 4 mei 2013

Silver About to Reverse in Price

According to the COT report for silver, the open interest in silver came down dramatically this week:

That means the silver price is likely to reverse to the upside. Also, commercial shorts have almost all been covered now.

According to the COMEX report for silver, J.P. Morgan doubled its registered inventories from eligible silver, meaning that total silver stock is likely to go down. This confirms the COT report's drop in open interest.

Geen opmerkingen:

Een reactie posten