China has also announced that they will begin restricting silver exports in 2026, and I think these developments have a lot to do with what’s happening with the silver price right now.
If the Banks become increasingly cautious in creating and adding new shorts, then the price will have to rise to a point each day where sellers of existing contracts appear.
With silver overbought and herd greed soaring, downside risks abound. Silver will get sucked into and amplify any material gold selling back to the lower end of its high-consolidation trading range.
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It’s a testament to the unique characteristics of this bull market in metals and miners that silver’s rocket-shot higher in recent days is surprising to so many.