The U.S. dollar's unrelenting rally at a 20-year high continues to force hedge funds to increase their bearish bets in gold, according to the latest data from the Commodity Futures Trading Commission. Although there are risks that the U.S. dollar could push precious metal prices lower, analysts note that Monday's 2% rally in the gold market is an indication that the market is susceptible to a short-covering squeeze. The silver market is seeing an even more substantial short squeeze as prices last traded at $20.71 an ounce, up nearly 9% on the day. Silver is seeing its best daily percentage gain since mid-August 2020. ... (full story)