Canvas Secondary

Silver

Decision Time for Silver

Chart 1: Silver finds itself between a downtrend and a strong support…    Source: Bar Chart (edited by Short Side of Long) Precious metals sector outperformed majority of other asset classes in Q1 of 2014, however that strength has recently dissipated. Whats even more interesting is the fact that while Gold and various miners rebounded powerfully in […]

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Silver COT Charts

Here are four charts that breakdown the Silver COT. Data is a week old so keep that in mind. First, here is the general COT. The black is the net speculative position (long) as a percentage of open interest. It has declined materially over the past few weeks. Next is open interest. Interestingly, unlike Gold […]

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Silver Bear Market Analogs

Throughout 2013 we posted the gold stocks bear market analogs. Now its time for the silver bear market analogs. Silver has had a very weak bounce in recent months and is threatening new lows. This suggests the bear is not quite over yet. However, this chart argues (because of the extended nature of this bear […]

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