Nobody Is In… And Silver Just Broke

Silver going sexy again?

Silver is quietly setting up for one of those classic “no one’s really in, but it starts moving anyway” trades.

Positioning is light after the washout, specs are still depressed, and the market has spent months coiling inside a frustrating range. Now price is starting to break, and more importantly, the conditions are there: clean technicals, better symmetry vs macro drivers, and a crowd that already got shaken out once.