"Silver Price Nears $29.50; Eyes on US CPI and Fed Rate.
Despite reduced bets for a September Fed rate cut and a strong US labor market, the Silver price regained strength, turning bullish around $29.44 and reaching an intraday high of $29.49"
Andy Schectman, president of Miles Franklin, highlights a potential "silver squeeze" indicating a strategic shift among major bullion banks known for their historically short positions on silver. His observations are particularly focused on their recent activities with the Shanghai Metals Exchange, suggesting a possible recalibration in their silver trading tactics.
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Silver Squeeze: How Big Banks Are Covering Shorts in China 🇨🇳 | Andy Schectman
We create educational content about the world of commodities bringing you the latest market news and the best clips of the most sought after experts in the gold and silver niche, explaining you the key concepts adressed in the episode, teaching you the key fundamentals of gold and silver to keep you informed.
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