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Silver Shorts Cover Nearly Half Their Position In One Week

The cover in silver may be weak, because it's mostly done.

Most analysts expected the commercial shorts to be broken in a short squeeze, likely launching silver above $100. However, this short squeeze will not occur.


In September 2010 these traders began to aggressively cover their short positions. Since then, commercial net short positions in silver have been reduced from over 65,000 contracts to 24,262 as of September 27, 2011 - and falling from 40,708 just one week earlier.


http://seekingalpha.com/article/297365-silver-shorts-cover-nearly-half-their-position-in-one-week?source=yahoo