Silver London P.M Fixed and the Silver Diffusion Index (DI)
Inhale (accumulation) turns to exhale (distribution) in the silver market. The durations of accumulation and distribution periods are not symmetrical. Open interest, the number of outstanding contracts (long and short) continues to increase after each up phase. The process of matching paper supply with demand, i.e. controlling the trend, takes time. Distribution periods, therefore, tend to be longer.
The steady rise in open interest from a statistically extreme reading reflects is characteristic of trend control within a distribution phase.
Silver London P.M Fixed and the COT Futures and Options Open Interest Stochastic Weighted Average
