by Craig Hemke, Sprott Money:
What a curious start to the year in COMEX Digital Gold and COMEX Digital Silver. The pair usually trade in tandem but, so far in 2023, prices have been moving in opposite directions. And it’s not just price. As you’ll see in this post, it’s also sentiment and interest as measured by the total amount of silver contracts floating around on the COMEX.
As you’ve no doubt noticed, COMEX gold is off to a fabulous start to 2023. From a closing price of $1826 on December 30, COMEX gold gained $95 (or 5.2%) in the first nine trading days of 2023. It has given back a little here on Tuesday, January 17, but the move is impressive, nonetheless.