Hedge Funds Attracted To Silver, Cool Off On Gold
Silver’s net length increased 8% from the previous week as prices remained near a two-month high above $17 an ounce. However, silver’s bullish speculative positioning is still down significantly, 41.5%, from its record highs seen earlier in the year.
As of the end of the survey period, silver prices have rallied 7.6%. Some analysts have been bullish on silver for 2017 as its industrial component is expected to shine in an environment of stronger global economic growth.
Edited by Rogerdodger, 30 January 2017 - 02:27 PM.