The Big 8 Increase Their Short Position in Silver

The Big 8 shorts in total increased their overall net short position from 79,099 contracts, up to 82,119 COMEX contracts week-over-week…an increase of 3,020 COMEX contracts…which is a lot. This is the largest Big 8 short position since July 16 of last year.

The amount of silver being physically moved, withdrawn, or changing ownership continued without letup. That was on prominent display during the December delivery month, as 40.435 million troy ounces of physical silver were delivered/changed hands — and the 11.85 million troy ounces of silver in January. So far in February, there have been a further 16.64 million troy ounces issued and stopped.