COT Report - Silver Index 27th January 2009

Silver and gold will always tend to follow one another, with gold prices often performing better in a bullish  move then gold, but conversely they tend to perform worse in a bearish market. Last week we saw a rise in the Silver Index to 20, and this suggests that we are now starting to see a rise in silver prices in the short to medium term, with the low of 15 weeks ago providing a turning signal. As many of you may know I am bullish on silver so this is good news. If you would like to follow my daily posts on spot silver prices, then please just follow the link.

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