Precious metals have failed to live up to their reputation as a hedge against inflation with silver falling well over 20% from its 2022 high, weighed down by rising interest rates, a strong $US. However we believe there’s light at the end of the tunnel as small position traders are abandoning the precious metal ship on mass, this hot and generally less informed money has fallen to its lowest exposure to sliver in a number of years i.e. a bullish sign for MM.
MM is mildly bullish silver under $20/oz
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