Low Open Interest for Gold and Silver Continues Amid Crude Oil Conflict

Alasdair Macleod's latest analysis reveals that gold and silver open interest remains low, despite ongoing conflict in countries associated with crude oil production.

In his previous reports, Macleod linked sharp markdowns in paper gold and silver to futures contract expiry and moves by bullion banks. He argued that low open interest on the Comex contracts may signal rising investor demand and potential higher prices ahead.

According to Macleod's observations, this trend persists while conflict continues in crude oil regions. This could have significant implications for investors and traders in the metals market.