This is 3-year CoT index of Silver. Last time Commercials were in extreme low was before COVID crash and before that Feb 2017. Look what happened to the price afterwards each time. On top of that Retailers are in extreme high. Historic indication of bearish Silver market.
#NG1! #NGAS is at its historic low. Bottom of all bottoms. Every time commercials start offloading their long positions AND the price getting close to $1.5 it ends up with multi-year bullish momentum. (Since 1991)