Silver COT Data Suggests New Bullish Wave on the Horizon
The recent decline in silver prices has led some to question whether the bullish outlook remains intact. However, according to Commitments of Traders (COT) data, large speculators have reached their most bullish positioning in more than two years, while commercial traders have started to improve their positions.
This development is significant because it indicates that market forces are preparing for a different phase, particularly if it coincides with a renewed recovery in silver demand and continued fundamental support for precious metals.
The key question for investors now is not whether silver has already entered a fully developed bullish wave, but rather whether the conditions required for a new advance are gradually taking shape. The author of this analysis believes that the answer leans towards yes, with a clear degree of caution.