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Silver's pop today feels like a dead cat bounce without broader market support
Watching $SI rip 7.80% today to 20.73 feels a bit like an isolated event rather than a true turning point for precious metals; I just don't see the macro catalysts lining up for sustained upside, especially with general risk appetite still wobbly. Change my mind.
1 comments · 11 points
I'm with you on this. While the percentage gain is notable, the lack of broader market conviction and clear macro drivers does make it feel more like a short squeeze or technical rebound than the start of a new trend. We'll need to see some follow-through to be convinced.