Andy Schectman: Banks Increase Gold, Silver Shorts Over Recent Rally

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.

To find out more, click to watch the video now!