## NFTRH+; a nice CoT setup perhaps bolstered by the macro

Silver is more inflation sensitive than gold. Post-FOMC macro has pivoted toward the inflation view as noted in NFTRH (with a couple contrary caveats still in play). Thus, it would be logical for silver to have a better Commitments of Traders structure than gold; and it does.

Here we see the price decline in silver attended by a now constructive alignment of the large specs and commercial traders and the little guy’s (blue) spirits aping the declining silver price. This is now a positive contrary and sentiment indicator for silver.

Gold on the other hand is biased toward favorable considering the fading little guy, but really just in a neutral middle ground.

Just an FYI snapshot for consideration.

NFTRH.com