This silver daily candle hammered down hard and fast: opening at 70.42, it punched straight to the 66.19 low, then closed at 66.5—a single-day drop of -5.5%, with four consecutive hours of red. To fall like this, the contract open interest didn’t drop in a day—it actually increased by 9.63%. The shorts weren’t waiting for a rebound to enter; they jumped on board right after this strike. Compared with the last couple of days—when the people holding longs were “exiting”—it’s a completely different script this time. It’s fresh selling pressure. Trading is even more solid: passive/active sells show that active sell orders make up 69%. Sell volume is more than double buy volume. And over the next seven hours, buy volume shrank by another 50%. Funding rate is hovering near zero, so shorts can add positions without even paying interest. The positioning is still not squeezed—this short setup is nowhere near the crowded zone. The longs aren’t backing down either: the whale accounts still have 76% holding longs, but as open interest rises while price falls, all these long positions become padding on the way down. Once 66.19 breaks, liquidation accelerates for leveraged longs, pushing the move lower. My stance is straightforward: go short. If it bounces up and reaches above 67, that’s the entry area for the short. First target: break 66.19 and make a new low. A reversal must wait for three signals: active buying returning to 50%, open interest turning and shrinking, and price reclaiming 67.3. If you get any two of those, I’ll close the shorts. Until then, shorts stay on. #xag $XAG