Silver Testing 70 as Open Interest FadesSilver FuturesCOMEX:SI1!QuantNomadSilver is back testing the 70 level, but the reaction continues to look weak with limited follow-through on bounces. At the same time, Open Interest has dropped ~30% from recent highs and is still not showing signs of rebuilding. This combination suggests long liquidation rather than fresh positioning, pointing to a market that is still unwinding rather than accumulating. For now, the structure remains neutral-to-bearish until participation returns. Disclaimer: This analysis is for educational purposes only and reflects personal market observations. It does not constitute investment, financial, or trading advice. Always conduct your own research before making trading decisions.