ALERT: Turk Says Silver May Hit $22 Next Month, This Is Why You Should Ignore The COT

"Today James Turk spoke with King World News about what is really happening with the commercials in both gold and silver and what he said was fascinating.  Turk also said silver may surprise traders and investors by vaulting to $22 next month.

Important Alert On The Gold & Silver Markets!April 4 (King World News) – With the gold and silver markets still trading in a tight range, KWN did a follow up interview with James Turk about what the commercials are up to in both gold and silver.

Eric King:  “James, are you concerned about the large uptick in commercial short positions in gold? Silver looks extremely bullish in terms of the COT.”

EFPs Distort COT
James Turk:  “I pay only passing attention to the COTs – particularly now with the EFPs at record levels, which can distort the size of the true open interest. I always rely first and foremost on the market action itself, i.e., the way the metals are trading. And I think we are close to something big on the upside…"

at https://kingworldnews.com/alert-turk-silver-may-hit-22-next-month-and-this-is-why-you-should-ignore-cot/