A small snippet of info from T ButlerAmazingly, the total gross short position in COMEX silver (futures + call options as of 11/8) is the highest in recent memory, at 198,000 contracts. That’s the equivalent of 990 million ounces. This is a billion ounce paper short position that is much larger than the 600 million oz in world production and maybe 150 million oz in known bullion inventories, combined. Try to find another commodity with that configuration. You won’t. Because the stakes are unusually high for the dealers, they will be working overtime to engineer a sharp sell-off. If such a sell-off does materialize, it should set-up a tremendous low risk buying opportunity.