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: