Managed money short update on gold and silver


This week we see a divergence between gold and silver. It looks like silver from a technical perspective is much more desirable at this stage. Another short squeeze in silver is almost imminent as managed money short positions are rising again in silver (not so much in gold).
















That's also why silver has a high premium at this moment in Shanghai (8.2%).







Conclusion: if you're planning on buying precious metals, go for silver.




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