🚨 Silver to $40 Before the Next Rally? Chris Vermeulen Explains #shorts

Chris Vermeulen argues that a sharp pullback in silver toward $40/oz could be a short-lived but attractive buying opportunity rather than a trend break, with margin calls potentially intensifying any near-term washout. The core view is contrarian bullish: weakness into a correction would likely flush out weak longs and set up a stronger rebound in bullion and silver-linked exposures. The discussion, framed around a conversation with Craig Hemke, is centered more on tactical positioning than on fresh supply-demand data. Vermeulen suggests volatility could spike first, then reverse quickly if liquidation pressure exhausts itself. No hard market statistics, inventory figures, or flow data are provided in the description, so the piece reads as a trading opinion rather than a data-driven market update. For desks, the key implication is that downside toward $40/oz may be a buy-the-dip zone if macro or leverage-driven selling accelerates. The near-term risk is that silver can overshoot on forced liquidation before stabilizing, so traders would watch for volatility expansion, positioning flushes, and any follow-through in gold/silver ratios or ETF flows around the selloff.