Silver right now: record industrial consumption, multi-year supply deficits, price 35% below its high.
In equities, that profile has a name. It is called a 𝘷𝘢𝘭𝘶𝘦 𝘱𝘭𝘢𝘺.
In commodities, the same profile gets called a dead trade.
Markets are not consistent about this. The inconsistency is the opportunity.
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