Silver is ‘our valuable steel favorite’ as gold’s positioning is bloated: TD Securities

Silver is 'our precious metal favorite' as gold's positioning is bloated: TD Securities

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(Kitco News) Silver continues to outperform and stays the prime select for TD Securities owing to its positioning stages. “Silver proceeds to outperform and continues to be our cherished metallic most loved as a thoroughly clean positioning slate, sturdy financial investment flows and sturdy industrial need combine for sturdy performance at a time when the microstructure generates a disincentive for silver bullion traders to offer,” TD Securities strategists write. On the other hand, positioning in gold is “increasingly bloated” and investors really should be all set for modest consolidation. “The bulls are susceptible to a modest consolidation in the macro motorists that have supported gold size about the earlier handful of months. As positioning has developed to ever more bloated degrees, leaving tiny dry-powder remaining for the bulls, the frenzied retail speculation has even further elevated the dangers of a positioning squeeze for gold bugs,” the strategists incorporate. 


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