empty
 
 

01.07.202113:58 Форекс анализи и прегледи: Supply disruptions continue to jar physical silver

Exchange Rates 01.07.2021 analysis

Supply disruptions, which began during the COVID-19 outbreak, continue to cause shortages in physical silver. Rick Harrison, pawn shop owner from the reality show Pawn Stars, said the metal is very hard to come by right now because shipping is difficult.

And according to the data released by the Commodity Futures Trading Commission (CFTC), many investors reduced their net long silver positions in the futures markets.

Exchange Rates 01.07.2021 analysis

The report said non-commercial silver futures reached a net position of 3,981 contracts in June, while commercial silver futures hit a net position of -57,682 contracts. The weekly change was 12,431 net contracts.

Obviously, this means that exchange-traded silver funds (ETFs) are more liquid than owning the precious metal.

Investors clearly prefer silver when hedging inflation, and they favor ETFs, which contain silver or silver futures, not silver mining stocks.

Hence, over the past year, silver ETFs showed very good performance in the market.

*Анализът на пазара публикуван тук има за цел да повиши информираността Ви, но не и да дава указания за търговия.

Andrey Shevchenko,
Аналитичен експерт на InstaForex
© 2007-2021
Възползвайте се от препоръките на анализатори още сега
Захранете търговска сметка
Отворете търговска сметка

Аналитичните прегледи на ИнстаФорекс ще ви запознаят изцяло с пазарните тенденции! Като клиент на ИнстаФорекс, на вас се предоставят голям брой безплатни услуги за ефикасна търговия.

Не можете да говорите точно сега?
Задайте въпроса си в чат.