Vince Lanci: Silver shorts being discouraged from shorting by their advisors
Arcadia Economics, Released on 11/8/22
Silver is finally back over $20, after a big rally to finish out last week. And as silver trader Vince Lanci talks about in today's show, it's due to a lot of short covering by the silver shorts, as they're being discouraged from being short by their trading advisors. Vince talks about whether the shorts are looking at the declining silver inventories on the LBMA and COMEX, and whether that's influencing their trading. As well as the impact that the Shanghai market has had on the recent price action. He looks at the silver chart and shows some of the levels that the hedge funds are reacting to, and explains why we can expect to see some exaggerated moves between now and the end of the year.
Vince Lanci is Managing Partner at Echobay Partners LLC. Vince founded Echobay after a profitable career running CiS Options and Berard Capital. The firm is a vehicle for expressing his and "friends and family" personal investment ideas. Echobay also consults on market structure, risk management, and legal cases involving fraud in markets. Vince is also a regular contribute to ZeroHedge.com
Chris Marcus worked 2 years at bond rating agency Moody's, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia's Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin, Investing.com, and several others.
Vince Lanci: Silver shorts being discouraged from shorting by their advisors added by Herman James on 11/07/2022View all posts by Herman James ?+'