Something strange is happening with silver. Recently, I reviewed data on silver ETFs, and the numbers are truly staggering. Retail investors have been buying SLV for 169 consecutive days—that's the longest streak in history. In the past month alone, silver funds (SLV, PSLV, AGQ) attracted over $920 million. That's nearly 2.1 times more than the average of the previous three months.

What caught my attention is that this already exceeds the peaks from 2021, when everyone thought it was the top. But now, inflows into silver far surpass what I see in gold funds or cryptocurrencies during the same period. Silver is no longer just a "safe haven"—people are treating it as a primary target.

From a technical perspective, Peter Brandt described silver as distinctly parabolic. He says the price is beginning to compress and expand in a way that usually precedes larger daily swings. His forecast? Ranges of up to $20 per day in the near future. It will be madness if the momentum continues.

What puzzles me—is this genuine demand growth, or speculation? But the consistency of these purchases over 169 days suggests more conviction than a short-term play. Silver has always balanced between a precious metal and an industrial commodity, and now this dual role seems to be the main battleground. With such retail involvement, prices could become truly unpredictable.