Commodity Discovery Fund founder Middelkoop is bullish on silver's near-term trajectory, forecasting that the precious metal could reach US$200 or even US$300 per ounce. According to Middelkoop, the current selling pressure in the silver market remains far from its peak, with investors still in the early stages of unwinding oversold positions. "This is only the beginning of what we're seeing with short positions being covered," he explained. The fund manager's analysis suggests that as more traders exit bearish bets on silver, the momentum could fuel additional price appreciation. Middelkoop's outlook reflects broader expectations within commodity markets that structural factors and shifting investment sentiment may continue to support upside potential for the white metal in the coming period.