Bitcoin price today: down to $117.9k as Fed, tariff caution offsets Strategy buy
As noted in our weekly COT report, large speculators dipped into net-short positioning to finally join bearish managed funds, who have been net-short since early April. Seasonally, Silver tends to perform well from January through to April but this has clearly not been the case this year as it closed lower in February, March and April. It's interesting to note that May and June tend to be bearish months for Silver, with an average negative month sitting at -8.2%. That said, it has closed higher 54.8% of the time in May over the past 30 years so the -1.2% average for May has been dragged lower by fewer, more bearish months. But with yesterday’s bearish breakout, we think we could be headed for another bearish May.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.