So the Bloomberg Commodity Index (BCOM) is rebalancing from Jan 9-15, and it's gonna cause some selling pressure on silver. Apparently, like $7.7 billion worth of silver could get sold off, which is a lot! This has already pushed silver prices down 3%, and people are wondering if it's a good time to buy.
The thing is, if the selling is just because of this rebalancing thing, and not because of anything fundamentally wrong with silver, it might be a good opportunity to scoop up some silver at a discount. Especially since gold inventories are kinda tight, so prices might swing pretty hard.
If you're thinking of jumping in, just be careful and don't go all-in. Keep an eye on what's happening with the rebalancing and how prices are moving. And yeah, maybe set some limits so you don't get caught off guard.
Comments