This round of silver market is very typical, in one word: squeeze. Speculative positions follow the trend, mining stocks follow, and even ETF funds are rushing in. The reasonable range pushed by supply and demand is 40 to 50, but the market has already driven the emotional price all the way up. There are too many cases of silver being manipulated in history, the reason is simple: the market size is small, and the cost of pulling it up is low.
This kind of continuously hitting new highs is not driven by fundamentals, but by narratives and positions—the higher it goes, the more people chase it. As long as the gold-silver ratio continues to decline, silver still has momentum💪
$Pan American Silver(PAAS.US) $First Majestic Silver(AG.US) $CHI SILVER GP(00815.HK) $Silver(IN00270.US)
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