The COT report this weeks shows that gold will go up in price as shorts are covering. But silver shorts seem to have already covered, so short term I think silver has done its course and I would be worried about a leg down in silver. Silver hasn't done anything special in price, despite a record sale at the U.S. Mint, which is odd.
Gold is doing ok, more upside to come:
Silver shorts have covered half of their shorts, weakness in silver to come:
This is confirmed by the weakness in silver premiums at Shanghai:
Gold premium at Shanghai is stable:
APMEX silver premiums are falling:
Junk silver is also not doing too well, but I see that some silver bags are out of stock at APMEX, so I guess we will see a rise in premiums soon:
Gold premiums are rising:
Conclusion: buy gold, but hold off on silver for the time being.
Gold is doing ok, more upside to come:
Silver shorts have covered half of their shorts, weakness in silver to come:
This is confirmed by the weakness in silver premiums at Shanghai:
Gold premium at Shanghai is stable:
APMEX silver premiums are falling:
Junk silver is also not doing too well, but I see that some silver bags are out of stock at APMEX, so I guess we will see a rise in premiums soon:
Gold premiums are rising:
Conclusion: buy gold, but hold off on silver for the time being.
