With silver surging strongly for a second straight day, today King World News is pleased to share a piece which takes a remarkable look at the war in the silver market. This piece also includes two key illustrations that all KWN readers around the world must see.
King World News note: You can see from the chart below that the commercial hedgers are still in one of the more bullish postures of the past 10 years. In recent years silver hasn’t topped out until hedgers had reduced their positions by much more than they have in recent weeks (see chart below).
King World News note: You can also see that even with the latest rally in silver, sentiment still remains extremely depressed and very close to “excessive pessimism” levels.
King World News note: This excessive pessimism also bodes well for the price of silver.
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