At the time of writing both gold and silver are lower in midday U.S. trading. The move appears driven by short-term profit taking and position-adjusting ahead of a heavy run of U.S. economic data, rather than any sudden deterioration in fundamentals. Traders are clearly cautious ahead of tomorrow’s U.S. jobs report, which includes annual revisions […]
Last week, gold and silver fell sharply after a rapid ascent, and the familiar moralising quickly followed, with the ensuing price action treated as evidence of speculative excess and the correction framed as an overdue lesson in gravity. While it is true that markets punish crowded positioning and that silver, in particular, has always behaved […]
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