• 12 hours COVID Vaccine Distribution Would Be A Big Win For Amazon
  • 3 days Under COVID, The Rich Got Richer
  • 4 days Will Biden Lift Sanctions On Venezuela?
  • 4 days How To Play The Next Stage Of The Marijuana Boom
  • 5 days India Looks To Import More Venezuelan Oil Under Biden
  • 5 days 3 Unstoppable Stocks With A Biden Boost
  • 5 days The Biggest Biotech Story Of 2021?
  • 6 days Biden Looks To Rejoin Paris Climate Agreement
  • 6 days Capital One Fined Again For Money-Laundering Failure
  • 7 days The Star-Studded Fund Backing Clean Energy Startups
  • 8 days The Unexpected Retail Segment On Track To Hit $68B
  • 10 days Oil Demand Falters On New Wave Of Lockdowns
  • 11 days Signal, Telegram Gain Ground As Social Censorship Breaks Headlines
  • 11 days Investors Should Be Worried About Tech Stocks
  • 13 days Battle For Market Share Intensifies In COVID Streaming War
  • 15 days Censorship Is Now Private, And That’s Scary
  • 18 days Markets Hit ‘Ignore’ Over Capitol Coup
  • 19 days Tesla’s China Strategy Is Yet Another ReasonTo Double Down
  • 21 days NYSE Reverses China Company Delisting Plans … For Now
  • 22 days The Dollar Could Remain Weak For Years To Come
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Ashraf Laidi

Ashraf Laidi

AshrafLaidi.com

Ashraf Laidi is the author of "Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets" - Wiley Trading.

Contact Author

  1. Home
  2. Markets
  3. Other

Silver, Gold and Broken Records

Silver, Gold and Broken Records

We may have started to sound like a broken record with our repeated stance in favour of silver over gold over the last 6-9 months, via our numerous bearish takes on the gold/silver ratio. But one broke that broke is the number of speculative longs in silver at the Comex, which reached a net 105,515 contracts, compared to gold net longs, which reached 172,666 contracts, but remain 50% below the record reached last summer.

Gold/Silver Ratio Weekly Chart and Gold and Silver Net Speculative Longs

Silver bears may be pointing to the failure to break above the 50% retracement of last year's high-low move, but the bulls remain fixated on silver's higher lows and the potential golden cross on the daily and weekly charts. The higher lows on the gold/silver ratio are the less obvious but more powerful signal.

 


Premium subscribers were told about the implications of a falling gold/silver ratio. Both gold and silver trades in the Premium Insights remain open and in the green.

 

Back to homepage

Leave a comment

Leave a comment