⚡️Citi updates research report, bullish on silver to $150 in the coming weeks——

The most impressive part is that the surge in silver prices occurs against the backdrop of multiple traditional bearish indicators simultaneously present:

1⃣ COMEX silver inventory has seen an outflow of about 100 million ounces since last October.

2⃣ Global (excluding China) silver ETF holdings have experienced a net outflow of about 270 million ounces since December.

3⃣ CFTC data shows that some managed funds have taken profits during the price increase.

With macro risk premiums and China's crazy retail demand, the fundamentals have completely failed, making it difficult to judge the peak!

This speculative sentiment cannot be analyzed through fundamentals; it is akin to the significant liquidation incident caused by oil futures dropping to negative during the pandemic:

It is purely about blowing up all opposing positions, gaining pricing power, and only when everyone dares not short will it return to normal.

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