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The "Washed Out" Silver CoT

From sprottmoney.com

Recent data from the CFTC suggests that COMEX silver positioning is the most favorable since June of 2019. While this does not preclude more downside, it certainly suggests that any further price drops will be shallow. So, what we're talking about here is the CFTC's weekly Commitment of Traders reports that are surveyed at the COMEX close each Tuesday and then reported 74 hours later, after the COMEX close the following Friday. This data is therefore not made timely nor is it suitable for trading. However, once you track the data for years as I have, you begin to notice discernible trends that can help you spot ... (full story)

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  • Category: Fundamental Analysis