
Silver (SI) futures opened up +5.28% to 81.270, while Gold (GC) is up +0.53% to 4,576.75 and Copper (HG) is up +1.03% to 5.9000. The author notes that shorting Silver may be a consensus trade, potentially making it less contrarian, and suggests the risk/reward for going long is not ideal despite the ongoing rally in precious metals.