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Silver: When a record rally turns into a record rout
Friday’s historic collapse in silver was the result of several developments colliding simultaneously. While a correction had been increasingly anticipated—and was arguably overdue—the speed and depth of the sell-off proved a stark wake-up call. Once again, it underlined how one-sided positioning can cause outsized damage when it begins to unravel. As usual, social media quickly filled with conspiracy theories suggesting the move was orchestrated to bail out underwater shorts. These narratives are best ignored. The more straightforward explanation is that silver’s multi-week rally—while supported by strong ... (full story)