Loading ...The fact they waited until the new COT reporting period that starts today, which are numbers that will not be seen until next week (Friday), one would think this weakness should prove to be short lived as short covering should limit downside to trending price action.
What’s more, with the rally in interest rates so extended now, and in need of correction, this should add to supportive dynamics as the election approaches, giving prop desks a tailwind in painting the tape going into November 5th.
So, expect a little pullback here going into week’s end.
A test of $32 to $33 in silver would be perfect.
Just a few observations.
Mornin all