“MARK MY WORDS! Silver’s About to Be the BIGGEST BREAKOUT STORY In History“ - Andy Schectman
In recent months, the silver market has experienced a dramatic shift, with major commercial banks recalibrating their positions. The latest Commitment of Traders (COT) report from the Commodity Futures Trading Commission (CFTC) reveals that banks are retreating from their previously aggressive short positions in silver futures. Meanwhile, funds are liquidating their contracts, a sign that banks might hedge against potential market risks, hinting that a market bottom could be near.
Andy Schectman, CEO of Miles Franklin, notes that eight major banks, including Bank of America, JPMorgan, Goldman Sachs, and HSBC, have amassed the largest short positions in silver ever recorded. This aggressive stance has raised concerns among analysts, who question whether such a massive bet against silver’s price might be unsustainable and could backfire if market conditions shift unexpectedly.
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Credit: Silver Slayer
Andy Shectman & I Taught a Class about Silver Stacking!
#gold #goldpriceprediction #andyschectman #silver #silverprice #silverprediction
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