$SLV

I’m certainly not the only one seeing the climax run-up in $SLV. There are plenty of shorts piling in on the downturn, but there are also a lot of bulls—especially retail—still buying every dip. A few days ago, silver traded nearly as much dollar volume as the S&P 500… about $35B. If that isn’t froth, I don’t know what is. In the near term, shorts can still get run over, which is why shorting a strong market is dangerous. I’ve been shorting intraday, but I still haven’t been willing to hold and take overnight risk. Institutions, however, will gladly use retail buying frenzies to sell into strength. Distribution starts on the way up—then comes the air pocket. https://t.co/JXzFFTmMtn