On July 24, 2023 it was noted that British Pound Commercial Futures Trader expectations would impact the price of silver. Since that time the average relative value of silver derivatives have moved into a position of being “Extremely Undervalued”. The following chart provides a representative average relative value of silver derivatives vs. the U.S. Dollar. Calculations are adjusted as the average trend line changes. The current position of this relative value provides an expectation that silver should move higher over the next several months.
