Sentiment study with Monte: silver positioning in 2024

Welcome to the first episode of 2024's Sentiment study with Monte, where he dives into the world of silver. Join us on this exciting journey to understand and capitalise on the silver market's potential in the year ahead.

Commodities Silver Gold

Written by: Monte Safieddine | Market Analyst, Dubai

Publication date: 2024-01-16T04:06:18+0000

It's our first Sentiment Study video of 2024, and we’re looking at another precious metal. This time it’s silver and clients on our end are holding a far larger buy bias compared to gold. The latter managed to end the year with double-digit price gains, while silver finished 2023 largely unchanged. We plot sentiment from both IG clients and CoT speculators onto the chart and also examine the gold/silver ratio.

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