BlockBeats news, October 22 - Goldman Sachs commodities strategist Robert Quinn described the silver market as "Still Stuck" in his latest report. Over the past three weeks, managed funds have cumulatively net sold approximately $2.2 billion in silver futures, with net long positions falling to the lowest level in Goldman Sachs' two-year data. Meanwhile, the 3-month put/call skew for silver briefly rose to the 98th percentile of the one-year range, indicating a notable increase in market risk-aversion sentiment.Silver is facing dual pressure from the dollar and industrial demand. Between October 13 and 20, the dollar index fell 0.5%, yet silver dropped 2.6%; over the same period, U.S. solar stocks fell 4.7%, Chinese solar stocks fell 1.6%, and data center-related stocks plunged 7.9% on concerns over memory, new cloud computing, and credit risk, weakening market expectations for silver's industrial demand.Quinn noted that risk-aversion sentiment triggered by the AI sector selloff could push the dollar lower, but deteriorating AI investment prospects would in turn undermine the industrial demand logic for silver, creating a mutually reinforcing negative feedback loop. Although highly crowded short positions could present tactical rebound opportunities for silver, the Iran situation and its impact on oil prices and the dollar remain major headwinds. Goldman Sachs believes that an easing of tensions in the Strait of Hormuz, or worsening AI credit risk prompting the market to lower rate hike expectations, could serve as key catalysts for silver to break out of its deadlock.