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Craig Hemke at Sprott Money: No hedge fund interest in Comex silver
By Craig Hemke
Sprott Money, Toronto
Tuesday, January 17, 2023
What a curious start to the year in Comex Digital Gold and Comex Digital Silver. The pair usually trade in tandem but, so far in 2023, prices have been moving in opposite directions. And it's not just price. As you'll see in this post, it's also sentiment and interest as measured by the total amount of silver contracts floating around on the Comex.
As you no doubt have noticed, Comex gold is off to a fabulous start to 2023. From a closing price of $1,826 on December 30, Comex gold gained $95 (or 5.2%) in the first nine trading days of 2023. It has given back a little here on Tuesday, January 17, but the move is impressive, nonetheless. ...
... Dispatch continues below ...
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So, gold prices have surged and copper prices have rallied, as well. Therefore, Comex silver prices are rallying too, right? Right?
Nope. As I type, Comex silver is now flat and unchanged year-to-date.
So what's the deal? ...
For the remainder of the analysis:
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