Silver: Eastern demand supports resilient upside – TD Securities
TD Securities strategists note Silver is maintaining its upside, trading resiliently despite higher energy prices. While recent CTA (Commodity Trading Advisors) buying has slowed, they see renewed interest from Chinese traders on SHFE (Shanghai Futures Exchange) and strong Chinese premiums.
Silver prices are likely to continue their upward trend due to renewed demand from Chinese traders and strong premiums, despite the slowdown in CTA buying. This suggests a resilient market environment for XAGUSD.
TD Securities strategists note Silver is maintaining its upside, trading resiliently despite higher energy prices. While recent CTA (Commodity Trading Advisors) buying has slowed, they see renewed interest from Chinese traders on SHFE (Shanghai Futures Exchange) and strong Chinese premiums.
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