Loading ...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.
This is how squeezes usually start, from apathy, not positioning.
https://www.zerohedge.com/the-market-ear/nobody-and-silver-just-broke
If you aren’t long, I’d take a position, and set up a stop loss on your trades. Lower for the metal and higher stop losses for stocks. I would think 10% is prudent on stocks as a 10% loss only requires and 11% gain to get it back on another trade.
I’ve gone long on JNUG with a stop loss as I want more leverage. Once I feel we have cleared certain levels, I’ll allocate into favorite beaten down stocks.
Thank you Sir Kewl2
I am not a subscriber to zerohedge so I cannot access.
I asked Chatgpt to give me a summary of the article… Enjoy 🙂
Key takeaways (quick summary)
“Nobody is in”: Investor positioning in silver is still very light after a prior washout.
Breakout starting: Silver is breaking a downtrend and moving above key technical levels like the 100-day moving average.
Classic squeeze setup: Low positioning + improving price action = potential for a sharp upside move driven by short covering / FOMO.
Still early: The move is described as “early days,” but conditions are aligning.
Macro relationships: Silver has been trading closely with equities (risk-on/off behavior).
It’s also tracking bond yields (especially the US 10Y, inverted).
ETF flows: A lot of prior speculative money has already been flushed out — which often sets the stage for the next rally.
I should have sold the news. Today started great, everything halved and then some in respect to miners by the end. Sucky. One more big leg down I’m afraid.
Armstrong’s latest chart says sharp drop coming up then the rally starts. Hold on to your hats.