Silver (SI) — Treasury yields at cycle highs (10Y at 5.00%, 30Y at 5.33%) continue to crush…
Market consensus is bearish on silver near-term with the sustained breakdown below $55 and 10-year yields at 5.00% crushing non-yielding assets, though structural deficit bulls argue COT positioning at the 3.8th percentile of the 3-year range and a gold-silver ratio near 73:1 (implying 30-40% underv