Analyst: Silver margin levels may change again this week

robot
Abstract generation in progress

Odaily Planet Daily reports that Investinglive analyst Adam Button pointed out that this is one of the most glorious days in the history of the silver market. Such market conditions are rare in the commodities market. This week, we may see margin levels change again, but we have seen this happen multiple times recently, and it has not prevented the market from rising. Retail investors are flooding in, and there is obviously (but relatively small) gap in the spot market. This is definitely good news for silver miners, who will certainly consider selling some of their future production to the futures market, which could bring some selling pressure. The silver market is much smaller than the gold market, and its lower liquidity is a key reason for its rapid price increase. In the long run, this will be a dual-factor, but currently, it has formed an unstoppable upward trend. Setting the price at $100 was originally a significant test of profit potential, but the result triggered an astonishing rally.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)