Silver Futures Under Pressure Yet Targets Remain Intact Today's
Updated
Today's silver futures are experiencing some pressure, reflecting a challenging day for the precious metal.
Yesterday, there were outflows in the portfolio on June 25 from strikes of 32.5/35. Outflows of funds from the portfolio are partial and did not lead to the liquidation of the portfolio, which indicates the management of the portfolio in a negative scenario, however, they do not cancel the most bullish idea in the medium and long term.
Despite this, the previously set targets based on the significant positions held by informed market participants mostly unchanged. in addition, it is not the first time that extremely aggressive portfolios appear, aiming at the area of 45-50 dollars.
It's a reminder that in the commodities market, short-term fluctuations are often just noise against the backdrop of longer-term trends and targets.
Yesterday, there were outflows in the portfolio on June 25 from strikes of 32.5/35. Outflows of funds from the portfolio are partial and did not lead to the liquidation of the portfolio, which indicates the management of the portfolio in a negative scenario, however, they do not cancel the most bullish idea in the medium and long term.
Despite this, the previously set targets based on the significant positions held by informed market participants mostly unchanged. in addition, it is not the first time that extremely aggressive portfolios appear, aiming at the area of 45-50 dollars.
It's a reminder that in the commodities market, short-term fluctuations are often just noise against the backdrop of longer-term trends and targets.
Note
Silver performs as forecastNote
In the Silver options market, we're seeing a flurry of activity centered around the June 25 expiration series, particularly at the 35th strike. This activity is primarily resales, with the options being sold at a higher price than their original purchase. The uptick in silver prices is driving this buying interest, with round numbers like 35, 40, and 45 being popular in commodity markets. However, there are a couple of interesting points to note:1/The previous owners are locking in profits due to the rising value of the options, 35 days before expiration. In other words, they're not banking on further growth and are eager to sell to interested buyers.
2/ he nature of these new purchases suggests that they're mostly being made by small-scale speculators.
In conclusion, the high activity in the options market suggests that a correction in Silver prices might be on the horizon. It might be wise to hold off on going long, as it could be a case of "better late than never."
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