⚡️Citi updates research report: Silver is bullish and could hit $150 in the coming weeks— The craziest part is that this surge in silver prices is happening despite multiple traditional bearish indicators: 1⃣ COMEX silver inventory has dropped by about 100 million ounces since October last year. 2⃣ Global silver ETFs (excluding China) have seen a net outflow of around 270 million ounces since December. 3⃣ CFTC data shows some managed funds took profits during the price rally. With macro risk premiums + China’s insane retail demand, fundamentals have completely failed, making it nearly impossible to predict the top! This kind of speculative sentiment can’t be analyzed through fundamentals. It’s similar to the oil futures crash during the pandemic that went negative and caused massive liquidation incidents: It’s purely about wiping out all opposing positions, seizing pricing power, and only returning to normal when no one dares to short anymore.