![]() ![]() Silver is seeing its best day since late-July when markets started prematurely expecting the Federal Reserve to pivot and slow the pace of its aggressive monetary policy stance.Īccording to analysts, silver is benefiting from a sharp drop in the U.S. December silver futures last traded at $19.91 an ounce. Monday's rally is a solid reversal of fortunes after prices fell to a two-year low below $17.50 an ounce at the start of the month. ![]() Silver is seeing a solid breakout move and, according to some analysts, could be in a position to push back above $20 an ounce, which has been an important psychological level through the summer. dollar has created a significant short squeeze in silver, as the marketing starts the week with a 6% rally. (Kitco News) - Solid selling pressure on the U.S. Make sure you catch next week’s Live from the Vault.Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Next Episode: Andrew Maguire reassess the gold and silver markets in the wake of this week’s action. The dust has not settled, in fact, the storm is just beginning, and this undoubtedly will change the game forever. In Andrew Maguire’s opinion, these changes will impact the way insiders position in SI and GC, with a particular focus on naked shorting silver, gold stocks and indexes. Positions that have long been relied upon to maintain the insiders’ casino-like 95% win metric, according to the precious metals expert. The precious metals expert believes this upsurge of fresh open interest will bullishly dislodge the much larger and more liquid GC and SI anchors. In turn, Andrew Maguire predicts this will weaken the insiders’ grip on the gold and silver stock index lever – a crucial component of their price capping strategy. What does this mean for silver?Īs Andrew Maguire sees it, the degree of this week’s unforeseeable open interest diminishes the leverage of First Majestic, as well as many other well-shorted silver related stocks. Looking ahead, the precious metals expert believes such monumental external interest has the potential to shift risk-reward metrics, disincentivising the naked short selling of silver and gold. In Andrew Maguire’s opinion, such a large diverse swarm of buy flow, seeking thousands of tonnes of leveraged long options, threatened to take the lid off the entire silver capping manipulation process. However, Andrew Maguire reports that the sudden tidal wave of individually held SLV-focused interest made it extremely difficult for insiders to calculate these pain points. As insiders are secure in the knowledge of the pain points of those specs who borrowed longs, sitting on their books. The precious metal expert explains that, historically, insiders have been able to take the short side of spec longs with impunity. With the global spotlight shining on billions of dollars of bearishly skewed, potentially vulnerable bets – what does this mean for silver going forward? Silver short squeeze market disruptionĪlong with the rest of the world, market making insiders were clearly not prepared for this massive influx of Reddit-leveraged silver interest, according to Andrew Maguire. Insiders gathering physical silver: 15:40Īlthough the market swell of Reddit’s leveraged traders has subsided, Andrew Maguire anticipates that this week’s action will have a lasting impact on the silver market.Impact on gold and silver markets: 05:31.Watch this week’s Live from the Vault for: Contact support Any questions? Get in touch.Help Centre Find out what you need to know.Video Lessons Kinesis explained in 11 videos.Live from the Vault Gold and silver news with Andy Maguire.Media Centre Latest blogs, news and videos.Business Integrate with Kinesis technology. ![]()
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