A COT Surprise in Silver

Overall, the short position of the Big 8 commercial traders in silver remains off-the-charts bearish from a COMEX futures market perspective. They would have to cover 30,000 contracts of their short position to get back to being bullish — and that just ain’t going to happen… Of course not to be forgotten — and which also has a huge and negative impact on the silver price, is the outrageous and grotesque short position in SLV…now up to 48.46 million shares/troy ounces…