Rob Kientz from Gold silver pros just reported the latest COT data from the COMEX futures and it's showing the 'swap dealers' aka 'bullion (criminal) banks' JP Morgan etc are very heavily SHORT, but despite this it isn't working to keep the silver price down like it used to.
With silver the price action will justify the narrative.
No one wants it at $26 US/oz but everyone will want it at $50.
SVL and silver stocks are still in a coma but I suspect that will change rather quickly when the Ag price breaks $30 US long term resistance, which might be closer than people think.
Rob Kientz from Gold silver pros just reported the latest COT...
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $248.8M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $423.8K | 2.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 462581 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 763994 | 4 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
16.8¢ |
Change
0.000 ( 1.00 %) |
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| Open | High | Low | Volume | ||
| 16.8¢ | 17.0¢ | 16.5¢ | 783952 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| SVL (ASX) Chart |