Thoughts on USLV and potential for continued short squeeze

Been watching $USLV for a bit, especially today's move. It's up around 1.92% on the day, trading between 13.32 and 13.68. Not a massive range, but the bounce off 13.30 feels like something worth noting. From my perspective, this looks like it could be setting up for a continued short squeeze, assuming the broader silver sentiment holds firm. We've seen a lot of folks get caught on the wrong side of this name recently, and any sustained move above, say, 13.70 could start to pick up steam.

The key risk I'm seeing that would invalidate this idea is a retrace back below the 13.30 area. If it can't hold that level and drops closer to 13.20 or even 13.00, then the short squeeze narrative probably goes out the window, and we'd be looking at a different technical picture altogether. It's always a bit of a tightrope walk with these leveraged products, so managing exposure is obviously paramount. Just my two cents on the current setup.