BREAKING: $3.5bn Silver, $650mm Gold Selling Seen as ETFs Rebalance; Worst Drop Since 2006
Leveraged ETF rebalancing is expected to drive about $3.5bn of selling in silver and $650mm in gold.
Silver and gold are logging their worst sessions since 2006, with extreme -13 zScore in silver and -9 zScore in gold. CTAs hold $5bn silver and $15bn gold longs, amplifying downside risk.