During the short squeeze in silver between January 28, 2021 and February 1, 2021, it appears Market Makers sold a significant number of shares to retail investors rushing in to buy silver derivatives such as SLV. Commercial Futures Traders short positions remained relatively unchanged. This short squeeze is expected to extend the decline previously planned for silver. Adjustments in the engrbytrade silver model indicate a move to 13.93 is expected by August 25, 2021.
Intermarket structural analysis research