Silver Compressed, Mispriced… Waiting For A Trigger

Compressed, not resolved

Silver isn’t breaking, but it’s not clean either. Price is coiling right on a major longer-term trend line, with macro, flows, and positioning pulling in different directions. The easy narrative is gone. What’s left is a more complex setup where the next move likely depends less on levels and more on catalysts: dollar direction, risk appetite, and whether flows come back.

Compressed, mispriced... waiting for a catalyst.