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Gold (XAU/USD) & Silver (XAG/USD) – Updated Sentiment Analysis

2024-12-29DailyFXDailyFX
IG client sentiment shows who is going long or short and how that information can affect price action

Silver (XAG/USD) Latest: Retail Sentiment Reaches Extreme Levels

Current retail trader data reveals an exceptionally bullish stance on silver, with 85.36% of traders net-long and a striking 5.83 to 1 long-to-short ratio. However, this extreme sentiment may paradoxically suggest a potential decline in silver prices, as our analysis typically counters crowd positioning.

The bullish bias has intensified recently, with net-long traders increasing by 1.69% daily and 9.86% weekly. Meanwhile, net-short traders have decreased by 11.76% since yesterday and 24.81% over the week. These trends contribute to a strengthened silver-bearish contrarian trading bias, highlighting the importance of careful market analysis.

Silver Daily Price Chart

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Charts via TradingView

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