Silver Rolling Over to December Contract

silver-rolling-december-thumb
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on whatsapp
Share on print

The futures trading data is telling us that silver contracts are rolling over into December. Those who wanted delivery took it in July and August, and we expect a fair amount in September and just a bit in October. December is now decision month for both gold and silver based upon very healthy open interest for that contract.

Given weak fundamentals such as a) election uncertainty and change of economic regime, b) short term treasury paper coming due to pay for the decimated economy and c) a potential second wave of shut downs, December should see return of healthy gold and silver bull markets.

The weak holders of gold and silver are selling out of their positions, and we may come down to previous support lines in gold and silver of about $1800-$1900 and $22-$24.50 respectively.

We also provide some new data on the 267 new gold and silver bar providers for COMEX, which is further proof that registered inventories of both metals on COMEX are extremely tight. They are scraping the bottom of the market for any metal they can get. The squeeze in both metals is on for December.


If you like this content, click this button to subscribe.  Subscribe

Twitter: https://twitter.com/goldsilver_pros

Join 16K Subscribers In Elevating Your Financial Confidence By Strategically Growing Your Income & Wealth

What’s the #1 most important thing for you to focus on now?
Educate your self on the basics and apply proven techniques to increase your investment success.

Subscribe now, and get a 1on1 call with Robert to discuss your goals and strategies. Plus, get exclusive access to Robert’s Golden Quarterly covering the economy, mining stocks, and precious metals market research that will keep you right where you need to be. 

Only $60 per month, with semiannual or annual options

32

CONFIRMED
FORECASTS

8

FORECASTS IN PROGRESS
AND PENDING

15.2K+

YOUTUBE
SUBSCRIBERS

740K+

VIEWS