Positioning is splitting between gold and silver as oil weakens after a tentative US-Iran peace deal, with traders favoring gold. According to BeInCrypto, the June 9 Commitments of Traders report showed gold buying across categories, with non-commercial longs up 1,888 contracts, commercial longs up 5,135, and open interest up 6,657.
Silver positioning was comparatively muted, with non-commercial longs down 1,446 and open interest up 631. BeInCrypto cited a 30-day gold-crude correlation of -0.34 versus silver-oil at -0.15, and said the gold-silver ratio is near 61.7. Options data showed higher put-call ratios on a gold ETF, while SLV’s ratios edged toward calls.
Gold-Silver Trade Diverges as US-Iran Deal Sinks Oil, Data Show
2026-06-15 11:34:44
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
