this was horrifying to discover that 95% of retails are long on silver, even if every fundamental and technical analysis lead to the normal result that silver should go up, we all know (at least you should know for those who know how trading is working from inside) that these are not the factors that are relevant to drive the markets. the only relevant factor is in which direction should the market go to verify the two fundamental theorems :
1)the ultimate goal of market is to inflict maximum pain to a maximum number of participants
2)directions on markets are such that a minority win over a majority
right now on silver we are at the total opposite of these assumptions, if silver were to shoo up, it means that the market (the big players) should bring on a silver platter enormous profits to the uncountable mass of ordinary retail joes throughout the world. this is of course unacceptable for the big players and they know how to prevent this from happening.
from now, you should monitor on a daily basis the evolution of the seller/buyer percentage bias, as long as the % of seller do not increase DO NOT TOUCH silver at all and as long as we do not have at least a zero derivative on the MM added to a zero derivative on the LBB again DO NOT TOUCH silver !
honestly this is very complicated to see any upside on silver before the market finishes it evil work of accounts slaughtering, and it has only just begun, so we really need to be patient