At the end of the European market on the evening of August 13, Beijing time, spot silver short-term USD / oz. COMEX silver also continued to rise, expanding to 3%.
from Tuesday to Wednesday this week, there was a sharp correction in gold and silver, but it seems that the fundamentals of gold and silver remain optimistic in the environment of the continued weakening of the US dollar. On Thursday (August 6), the dollar fell to 92.49, a new low since May 14, 2018. However, from the position data of iShares silver trust, the world’s largest silver ETF, it can be seen that the current market expectations of silver future market are also divergent. Previously, it had been increased for 9 consecutive days, but recently, with the increase of silver price fluctuation, the ETF position began to reduce in a single day, and the reduction rate was not small.