The opportunity in silver keeps getting more compelling by the day.
Friday’s commitment of traders (COT) report for gold and silver offered more of the same. Which is to say the gold futures action was boring and the silver action was strange and exciting.
Speculators are going aggressively net short silver, something very seldom seen, and commercials are almost in balance, which is also unusual.
Looked at in a vacuum, this is hyper-bullish. But of course the games futures traders play aren’t all that matters.
Between trade wars, massive ongoing government deficits and spiking stock market volatility, the reasons for owning safe haven assets like gold and silver are both multiplying and gaining urgency.
A year is coming (or maybe has arrived) when financial reporters doing their annual winners and losers articles will be shocked to find a list headed by precious metal miners, silver bullion and gold bullion.
- Source, Zero Hedge
