Sentiment Conditions on Silver are Currently Bullish – July 27, 2022

Here at Elliott Wave Plus, we are constantly on the lookout for “perfect storms” of bullishness or bearishness via our Sentiment Conditions screenshots for Premium Plan subscribers.  A “Perfect Storm” appears when Commercials (the producers/hedgers) are heavily positioned exactly opposite to Retail Traders (trend-followers/chasers).  That exact condition currently exists on both Silver and Copper.  And Gold and Platinum are very close.  Below is our current Sentiment Conditions screenshots on Silver. (Click on the chart to enlarge):