Just caught something wild about the silver short ETF market. ZSL saw massive swings this week—$111 million poured in on Tuesday, then $60 million pulled out Wednesday. Both records. But here's the thing: over the past two weeks alone, investors dumped a record $327 million into this 2x leveraged short ETF, basically betting hard against silver. And they're doing it right after silver absolutely crushed it in 2025 with a +145% gain, best year since 1979. The irony? Silver's up another +58% just in the last three months, which means those short positions are getting wrecked—down 69% over that same stretch. Looks like a classic contrarian play that's backfiring. Silver's probably gonna stay volatile for a while.