Birmingham , UK

Silver IG Shopper Sentiment: Our information reveals merchants at the moment are at their most net-long Silver since Dec 28 when Silver traded close to 23.00.

silver-ig-shopper-sentiment:-our-information-reveals-merchants-at-the-moment-are-at-their-most-net-long-silver-since-dec-28-when-silver-traded-close-to-2300.

Silver IG Client Sentiment: Our data shows traders are now at their most net-long Silver since Dec 28 when Silver traded near 23.00.

Analysis, Analysis Group

Silver Client Positioning

Variety of merchants net-short has decreased by 42.65% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Silver

BEARISH

96.72%

3.28%

3.33% Day by day

11.13% Weekly

-30.36% Day by day

-42.65% Weekly

1.71% Day by day

7.81% Weekly

Silver: Retail dealer information reveals 96.72% of merchants are net-long with the ratio of merchants lengthy to brief at 29.45 to 1. Our information reveals merchants at the moment are at their most net-long Silver since Dec 28 when Silver traded close to 23.00. The variety of merchants net-long is 3.33% larger than yesterday and 11.13% larger from final week, whereas the variety of merchants net-short is 30.36% decrease than yesterday and 42.65% decrease from final week.

We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests Silver costs might proceed to fall.

Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger Silver-bearish contrarian buying and selling bias.

DailyFX gives foreign exchange information and technical evaluation on the traits that affect the worldwide forex markets.

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