Silver’s rough year appears to be getting rougher, with hedge funds and other large speculators now the most bearish ever on the metal. Money managers extended their net-short position in silver to 16,593 futures and options contracts, the most since record-keeping began in 2006, U.S. government data released Friday showed. Prices are down about 4 percent this year, among the worst-performing metals on the Bloomberg Commodity Index, as the outlook for higher interest rates diminishes the appeal of non-interest-bearing assets.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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