With the gold and silver markets rallying, King World News is pleased to report that the all-time record silver short covering spree continues! Commercials also continued to cover gold shorts!
All-Time Record Silver Short Covering Continues! (10-year chart)
Below is a look at a longer-term 23-year chart of commercial shorts in the silver market…
Notice the massive, all-time record spike in short covering on the right hand side of the chart (see chart below).
23-Year Commercial Silver Chart Shows Record Short Positions
Commercials also continued to cover short positions in the gold market (see chart below).
Commercials Also Covering Gold Shorts (10-year chart)
All of this short covering is a very positive and significant step in the right direction for the gold and silver markets. KWN will continue to let our global readers know what is happening with commercial short covering in the coming weeks.
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