The configuration for silver algorithms flows is not very promising, says Daniel Ghald, senior strategist of TDS Commodities.
A rupture seems imminent
“In the next sessions, the subsequent sales activity of the CTA can be registered, but we hope that new ATH in gold final tariffs
“A rupture seems imminent since a) The Xau/XAG ratio is in the maximums, b) the CTA and the discretionary operators both have a significant amount of dry gunpowder to deploy, c) the open interest added of La Plata in SHFE It is in minimums of several years, but the largest operators in Shanghai have been adding to their books in recent months. ”
“d) Silver in London continues to be negotiated, e) The assumptions that any silversqueze potential will be easily resolved do not recognize that pressure release valves require higher prices first before they can be activated. Explosive convexity up to rise in the rise in Silver markets is still severely undervalued. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
