There has been the most dramatic uptick of volume in the Silver spot market since June 25th.
It is orders of magnitude more volume than in the past, going back to 2010. Is it buying or selling? If you look, the price action as been lower since this uptick in volume.
It's not just silver, same same for the Gold Spot market.
If you follow what's going on, the gold and silver markets are being suppressed on purpose by the "powers that be" by naked shorting these markets. I don't know what this means short term, but given that the price has been going down since this started on June 25th, I'd say this is more of the suppression. I don't really know what the future holds, but I am thinking the longer term future of the precious metals is going to be higher.
Possibly money moving into oil as a hedge rather than metals?
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Maybe it’s money moving out idk. It seems like a lot of volume for normal selling
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Apparently this isn't the COMEX volume, so I'm not sure what we are looking at. Here's a link where you can see these charts.
https://m.netdania.com/commodities/xagusd/netdania-rt-chart
If anyone knows what this is representing, please speak up.
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Here’s a video talking about it.
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