Replies to post #245 on Silver Penny Plays

[eddyimano]

some investors are moving money to SHSH from SFMI???
I haven't done that yet. I am still debating.

[SilverEagle]

watch the NIA's meltup from 26:30~

JPM is short of 30,000 contract = 150,000,000 oz
Including other banks, commercial banks are short of 65,000 contract = 325,000,000 oz

Well, that means commercial shorts must cover the short position of
325,000,000 oz of silver.
That means every $1 silver gains on spot price, they must cover additional
$325,000,000 per each dollar gain. JMO