Gold and Silver Recovering

Summary

The episode reviews a recent rally in gold and silver prices, noting modest gains in Europe and unusually low trading volumes on the U.S. Comex market due to a holiday. It highlights the scant speculative interest and low open interest in both contracts, suggesting a market cleanse of weak long positions. The discussion points to Shanghai’s market as the primary price driver, especially for silver, and mentions geopolitical tension with potential U.S. action against Iran that could further influence metal prices.