ClashChartsTeam

Silver Futures Under Pressure Yet Targets Remain Intact Today's

Long
COMEX_DL:SIN2024   Silver Futures (Jul 2024)
Today's silver futures are experiencing some pressure, reflecting a challenging day for the precious metal.

Yesterday, there were outflows in the portfolio on June 25 from strikes of 32.5/35. Outflows of funds from the portfolio are partial and did not lead to the liquidation of the portfolio, which indicates the management of the portfolio in a negative scenario, however, they do not cancel the most bullish idea in the medium and long term.

Despite this, the previously set targets based on the significant positions held by informed market participants mostly unchanged. in addition, it is not the first time that extremely aggressive portfolios appear, aiming at the area of 45-50 dollars.

It's a reminder that in the commodities market, short-term fluctuations are often just noise against the backdrop of longer-term trends and targets.

Comment:
Silver performs as forecast

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