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(Kitco News) Silver remains better than it remains and remains the top choice for TD Securities because of its position levels. “Silver remains better and remains our favorite of precious metals as a clean position smooth, strong investment flows and robust industrial demand combine for strong performance at a time when the microstructure is creating a decentralization for silver bullion traders to sell,” write TD Securities strategists . On the other hand, position in gold is “increasingly inflated” and investors should be ready for modest consolidation. “The bulls are vulnerable to a modest consolidation in the macro drivers that have supported golden length in recent months. “As positioning has grown to increasingly inflated levels, leaving little dry powder for the bulls, the dire retail speculation has further increased the risks of a positioning squeeze for gold bugs,” the strategists add.
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