Kalshi - Watching $SI on the 21.68 level, potential for a retrace
Been following the Silver ($SI) action on Kalshi closely today. We've seen a significant dip, trading down to 21.68 before catching a bit of a bid. The current price of 22.1 is interesting because if we can hold above that 21.68 floor, there's a scenario where a retrace back towards 22.88 becomes plausible. The risk, obviously, is a breach of that 21.68 low. If it breaks decisively, especially on increased volume, then any retrace scenario is likely off the table, and we could see further downward pressure. Just something to keep an eye on for those playing Kalshi contracts on Silver's daily closes.