Since 2014 Engrbytrade™ futures trading data calculations have shown British Pound Commercial Futures Trader expectations oscillating to the point where they eventually impact the price of silver. The peak of each oscillation in these contracts (shown with dark arrows) occurred on July 1, 2014, August 16, 2016, March 14, 2017, April 17, 2018, August 6, 2019, March 2, 2021 and most recently on July 18, 2023. After each Commercial Futures Trader oscillation peak, silver ultimately moved in the direction of a declining trend. The peak of silver’s relative value against the Pound, as measured by Engrbytrade™ Non-Commercial Trader’s expectation calculations, are shown with red arrows.
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