I’m leaving the gold CoT out because it did not change much from its bearish state.*
Silver on the other hand, saw another week of net improvement as of Tuesday’s data collection as Specs large and small got more bearish and Commercial entities cover more of their net short positioning.
* You may recall we were the first, that I could see, to note (in NFTRH 384 on Feb. 28) that the Commitments of Traders may have shifted from firmly ingrained bear market rules to bull market rules. Then the “30,000 coffins” headline came out and well, here we are.
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