Silver Testing 70 as Open Interest Fades

618

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Silver is back testing the 70 level, but the reaction continues to look weak with limited follow-through on bounces.
At the same time, Open Interest has dropped ~30% from recent highs and is still not showing signs of rebuilding.

This combination suggests long liquidation rather than fresh positioning, pointing to a market that is still unwinding rather than accumulating.
For now, the structure remains neutral-to-bearish until participation returns.

Disclaimer:
This analysis is for educational purposes only and reflects personal market observations. It does not constitute investment, financial, or trading advice. Always conduct your own research before making trading decisions.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.