Our knowledge exhibits merchants at the moment are at their most net-long Silver since Mar 08 when Silver traded close to 2,515.30.

Variety of merchants net-short has decreased by 12.92% from final week.

Silver: Retail dealer knowledge exhibits 94.19% of merchants are net-long with the ratio of merchants lengthy to brief at 16.23 to 1. Our knowledge exhibits merchants at the moment are at their most net-long Silver since Mar 08 when Silver traded close to 2,515.30. The variety of merchants net-long is 1.68% decrease than yesterday and 0.08% decrease from final week, whereas the variety of merchants net-short is 22.50% decrease than yesterday and 12.92% decrease from final week.

We sometimes take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests Silver costs might proceed to fall.

Merchants are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date adjustments offers us a stronger Silver-bearish contrarian buying and selling bias.