Tag: short silver

Is the Reckoning Nigh for Silver Shorts?

Is the Reckoning Nigh for Silver Shorts?

Investors are buying silver in vast quantities – in whatever form they can get it. Smaller silver bugs are buying it a few ounces at a time from scarce retail inventories. Whales are accumulating millions of ounces via the silver ETFs or by standing for delivery of COMEX futures contracts. Unless the bullion banks and other shorts can finally engineer a price smash, they may have to stop selling paper and start buying a lot of physical. If the short sellers are naked, i.e., not hedged with long positions elsewhere, a genuine short squeeze driving prices higher could commence. Over the past several trading days, the silver market has simply been resilient. […]

Continue Reading