Dave Kranzler: The Banks are Now ‘Net Long’ Silver
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.
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