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Silver's weekly close above 21.10, (only just) believe it or...

  1. dfl
    4,516 Posts.
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    14/05/22
    11:09
    Post #: 61406301
    Silver's weekly close above 21.10, (only just) believe it or not, is modestly bullish according to my cycles man. As discussed elsewhere, silver is likely now to take the lead. Looking at the COT report, hedge funds added to silver shorts and commercials reduced to theirs. I sense the commercials further reduced their shorts over the end of the week. This could spark a rally next week if the hedge funds get stopped out on any sharp rally. Silvers performance on Friday gave one some hope.

    COT Gold, Silver & USDX Report - May 13, 2022 | GoldSeek
    IVR Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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