Loading ...With only 140k open interest in Comex silver it’s not as bad as it looks on the surface. (silver remains ‘sold out’ with prices 10% off the lows)
Not that things don’t cool off for a bit given the price action on Friday.
This in spite of the obvious manipulation.
Won’t take much to recharge the miners going into November however, with an all important momentum turn higher in PMs possible (likely?).
I think Adam Hamilton has it right regarding PM share earnings.
They are in the buy zone.
Cheers all