SLV options trading volume is in trouble. Looking at the chart top, the trading volume has never broken through the 24 level; at the bottom, open interest is far from its historical high. What does this indicate? Short-term intraday trading and speculative activities dominate, and genuine long-term holders are few and far between.

To leverage SLV options to influence the global financial landscape, simply piling up trading volume is not enough—the key is to have a large amount of capital entering the *position*. Without real money and a long-term bullish commitment, all data are just fleeting speculative games. From these indicators, the market temperature is actually quite cold.