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The West has started to grab silver!
The world's largest silver ETF--iShares Silver Trust increased its holdings by 1023.23 tons compared to the previous trading day.
Silver has dropped a maximum of 42% from its peak, and a large influx of funds has poured in. During market panic, these funds have concentrated influx, which is relatively rational compared to the funds that chased highs before.
The 42% drop has essentially cleared out the leveraged funds in one go. Theoretically, leverage of 2.5 times or more has been swept out.
The winds do not last all morning, and the storms do not last all day; extremes must revert!
Gold has not shown significant anomalies on the ETF side. The long shadow left on the chart yesterday indicates that some panicked and fled, while others seized the opportunity at lower prices. This round had a maximum correction of 21%, with a short duration and large decline, which is highly impactful.
The lightning war on Wall Street concluded at 3 PM on February 2. At that time, many were still immersed in panic, while Wall Street had already evacuated. The flash attack came quickly and left just as fast.
Yesterday afternoon, at the gas station, we saw the bottom-fishing army. Perhaps there are also super big players. We may not see news about this until the 7th of next month.
After the storm, everything is as usual!