I've stopped trying to analyse the charts. They've defied all logical and rational analysis. With the commercials participating in the paper derivative market, they will dictate the direction at all times. The only hope silver has is a real physical deficit, or a decision by the commercials to end their involvement. With a real physical deficit looming between now and 2030, it makes a pretty good case for silver to dump at some point between now and then as they exit their positions.
When you look at the monthly and weekly charts, it makes no sense for the POS to turn around the way it has in any real market, especially when we're in a physical deficit. It's a mugs game at this stage trying to read the tea leaves. Just revert back to the fundamentals and factor in those diminishing aboveground stockpiles.
When you look at the monthly and weekly charts, it makes no sense for the POS to turn around the way it has in any real market, especially when we're in a physical deficit. It's a mugs game at this stage trying to read the tea leaves. Just revert back to the fundamentals and factor in those diminishing aboveground stockpiles.