Dave Kranzler: The banks are now 'net long' silver
Arcadia Economics, Released on 6/23/22
While silver investors have seen the silver price fall in the midst of soaring inflation reports and an ongoing proxy war in the Ukraine, there is some good news on the horizon. As perhaps the most relevant indicator of future price movement in the silver market, the bullion bank positioning, now shows that the banks have become 'net-long' silver. Which is more of an indicator than an exact science. But as Dave Kranzler discusses in today's episode of the show, amazingly, whether the banks are long or short silver does seem to drive where the price is headed next.
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denver. He has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. His daily articles can be found at his site, Investment Research Dynamics.
Dave Kranzler: The banks are now 'net long' silver added by Herman James on 06/22/2022View all posts by Herman James ?+'