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Precious Metals Weekly: Gold:Silver Ratio Reverses

Published 17/07/2017, 11:15
XAU/USD
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GC
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DXY
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XAU/XAG
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Market moving events this week

  • The gold:silver ratio has reversed - giving silver that extra edge this week
  • A surprise dovish testimony from Fed chairwoman Janet Yellen has given dollar bears that extra edge
  • On-going political uncertainty in Washington is likely to put investors on edge
  • Donald Trump Jr has made the muddy water even murkier

Gold overall sentiment

  • Speculative funds positioning remained very bearish
  • Price of the yellow metal may have found a short-term low and gave way to some short-covering activity

Silver overall sentiment

  • Given the price rebound, short sellers are likely to be under immense pressure to cover
  • With the fllar index so weak, haven assets demand has resurfaced

To read the full report on gold and silver this week, please click the pdf below:

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