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'Pick a Number' on SILVER as Shorts Set to BURN in 'Unstoppable' Rally: Ed Steer

Commodity Culture Jun 4, 2026

Summary

Ed Steer argues that commercial traders' massive short positions in silver are approaching an unsustainable endgame that could force a dramatic price squeeze.

Shanghai silver premiums signal that physical demand in Asia is pulling away from Western paper pricing, potentially shifting global price discovery to China.

Analyst calls from Michael Oliver ($300-$500 silver) and Ed Dowd ($10,000 gold) frame a macro thesis where precious metals overtake traditional reserve assets.