Banks Increase Gold, Silver Shorts Over Recent Rally

brass metal frame

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While gold and silver prices have rallied over the past week and a half, and have left some investors wondering if we're in the beginning of a break-out, the latest COT report shows that the banks were once again shorting the metals as the price rose.

Which would typically suggest that a correction might be in our future.

We've seen a little bit of that today following this morning's slightly higher-than-expected CPI report. And Andy Schectman of Miles Franklin checks in to share what he's seeing, and whether the rally is likely to continue.

Video Length: 00:26:33

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