Arcadia Economics, Released on 2/27/23
There was another sell-off in the silver market last week, and the silver price has now fallen below the $21 level. Although fortunately, to explain what happened and makes sense out of the move, Vince Lanci digs into what led to the sell-off, and what to expect going forward from here. Vince looks at the recent inflation data, how the Fed is viewing it, and what the market’s reaction has been. He talks about how all of that has affected trading in the silver market, as well as the recent patterns from the CTA’s (commodity trading advisors), and the impact that the other metals markets have had on the silver price. Vince talks about how he’s balancing the fundamentals of silver and what he expects in the long-term, with the shorter term dynamics that are moving the price on a day to day basis. He also talks about the delays in the COT report from the CFTC, and shares some of his own experience with the regulators and what he’s learned about how the whole system works.
Vince Lanci is Managing Partner at Echobay Partners LLC. Vince founded Echobay after a profitable career running CiS Options and Berard Capital. The firm is a vehicle for expressing his and “friends and family” personal investment ideas. Echobay also consults on market structure, risk management, and legal cases involving fraud in markets. Vince is also a regular contribute to ZeroHedge.com
Chris Marcus worked 2 years at bond rating agency Moody’s, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia’s Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin, Investing.com, and several others.