The biggest indication why silver prices are headed north
05 October 2011
Will Silver go up or down and if so why. Many investors may have been looking for clues as to where silver might be headed.
The Commitment of Traders (COT) released by the CFTC is an excellent indication that can give an investor a good idea of where prices might be headed,
The COT data for Silver released on September 30 shows that the Large commercials increased their long contracts by 5,652 and decreased their short contracts by 10,794, for a net increase of 16,446 contracts.
Net short contracts stood at 24,262 while the open interest fell by 10,089 to 102,014
So what does this mean?
Large Commercials are the big boys in trading. They may not only have advanced information, they may even posses information not even known to the general investing public.