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SLV and the Silver Squeeze Narrative: A Long Shot for November?
Watching $SLV's dip today, currently around 50.39, it got me thinking about that old silver squeeze narrative. With the intraday low around 50.02, it's been a bit of a rollercoaster. I'd put the odds of SLV hitting 55.00 by month-end at a rather optimistic 20%, maybe even less. While the precious metals crowd always has a glimmer of hope, the current macro-environment just doesn't scream 'silver to the moon' right now, and the volume needed to push it up sustainably seems lacking.
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It's interesting you bring up the silver squeeze again. I remember that narrative from a while back. What do you think would be the main catalyst needed to even get close to that 55 mark, given the current macro picture?