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Sentiment study with Monte: silver positioning in 2024


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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.

 Monte Safieddine | Market analyst, Dubai | Publication date: 

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.

 

 

 

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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