Silver's $2.3 Billion Washout: The Setup For A Violent Squeeze
Silver trying
Silver has gone from panic selling to tentative stabilization. Goldman highlights a massive speculative positioning washout, downside hedging has retreated from extreme levels and the metal is showing resilience despite another hot inflation print. China's solar rebound adds another potential catalyst, while the technical setup is beginning to look interesting. The ingredients for a violent squeeze are emerging, but the dollar remains the elephant in the room.