By Alasdair Macleod
GoldMoney, Toronto
Friday, May 8, 2026
Notably in silver, bear squeeze conditions were evident this week. The likelihood of the bull market returning is now strengthened, particularly given gold's improving prospects.
The classic conditions for a bear squeeze are a combination of bearish trader consensus and an unexpected rise in the price, leading to shorts being squeezed into buying back their positions. That's a reasonable description of market developments this week. ...
... Dispatch continues below ...
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Open interest has declined to levels not seen in decades.
However loud the noise from the very small and vociferous band of silver bulls, this tells us that speculative interest is as negative as it gets. When that is the case, anyone who is a seller has sold, and the only prospective dealers are buyers.
Those buyers are short sellers locking in profits, or when the price starts rising simply because it has stopped falling, they fall victim to margin calls. ...
... For the remainder of the analysis:
https://www.goldmoney.com/research/is-the-silver-bull-back [2]
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org [3]
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