The non-commercial futures contracts of Silver futures, traded by large speculators, hedge funds and retailers, totaled a net position of 66650 contracts in the data reported through June 10, 2025.

From a rounding base, notice that silver formed two higher “box” consolidation patterns just above 30. Currently at $33.58 an ounce, hurdling $35 would trigger upside projections to $45-$50.