The latest Commitment of Traders Data published on Friday reveals that the “Commercials” have increased the amount of buying. See the jump in the white circle. These people represent the smart money. When analyzed in our Master Traders platform we are also generating two potential buy signals. These are shown at the top of the chart.
Seasonally over the last 30 years, the first part of September tends to see silver trade higher on the 6th September on 70% of occasions than it was trading on 28th August. Gold, however, seems to be losing its shine.