Silver has been beat down because of the pump from like January and then the fact that investments were transitioning away from the precious metals because there were better options for "safe" places with good returns like U.S bonds if interest rates go up.
Well, now inflation is coming back because of the war and the stock market has been pumping (with the exception of metals, there has been no sympathetic paaaamp). What does this mean you say??
Based in vibes, I think there has to be a rotation back to metals again. The demand from large governments and institutions is still there, so much so to the extent that India just slapped a 10% tax on silver and has asked its citizens to stop buying gold because it is throttling the rupee. Demand is still high, and I think if inflation stays up as it is, there is going to be a rotashe back to SLV and gold.
Positions: (yes i'm also a DRAMtard, just wanted to include that in there too, and yes, I don't have a lot on the table for SLV but hey we do what we can)
https://preview.redd.it/ch17l3byg41h1.png?width=2622&format=png&auto=webp&s=f6a8b40b2a4b39d7b4836d7b0a78b500a1fd7853
Tl;dr: SLV up in the next few months