🚨 Silver is holding above $72, and the trend is strengthening - Andrew Sleigh

Silver has pushed above $72/oz, with Andrew Sleigh characterizing the trend as strengthening but still highly unstable. The key market message is that the move is being driven by very sharp daily volatility rather than a clean, orderly breakout, with 3–4% intraday swings now described as normal in the current tape. The discussion suggests sentiment flipped quickly: what initially looked bearish became a short-term rally, underscoring how fast positioning can reverse when momentum is strong. The emphasis is on price action rather than fundamentals, but the fact that silver is holding above $72 keeps the market in a clearly bullish technical regime for now. Near term, traders should expect continued whipsaw trading and elevated stop-loss risk around the $72 area. If this level continues to hold, the interview implies momentum traders may keep pressing the move higher; if it fails, the speed of the reversal could be just as violent in the other direction.