Growing Strain of Control in Silver

Commercial traders continue to cover their short positions into strength in silver and gold. The size and speed of the short covering is particularly acute in the silver market. This unusual activity relative to price, first discussed as a money flow footprint, suggests a subtle shift within highly controlled markets. Any shift should be monitored close as it can imply growing strain on control.

Silver London P.M Fixed and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:

Gold London P.M Fixed and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest: