Next silver squeeze starts here

Commercial banks increased their short position last week. They now hold 71% of shorts whilst everyone is reducing their short position. I think the banks did this after the Fed ruled out rate cuts expecting this to hammer silver. Except it didn’t. This is because we’re entering a period of stagflation. A strong dollar is no longer bad for silver. The dollar is strengthening due to economic weakness, not strength. So the script just flipped. Thats why JPM put out a statement a few days ago expecting silver to stay low with another thrifting story.

Solar panel production has increased due to Iran war. Sure they might be thrifting on BC panels, but these only make up a small part of solar panel market share. So production increases by 20% and maybe they thrift by 20%. So consumption is basically the same.

Then there’s all the other factors that are going unmentioned.

-Smelters slowing production due to inverted TC/RC rates
-Energy crisis in Peru reducing silver output
-Sulphuric acid shortage due to Iran War reducing silver mining in some regions
-EV production is sky rocketing and needs silver
-The new ABAXX physical silver vault/exchange is ramping up in Singapore for .9999 silver
-Latest NVIDA architecture requires more silver