http://www.acting-man.com/?p=52339The last time speculators were net short silver was 14 years ago in early April 2003, with silver trading at $4.43“ before that, we can find several small net short positions two years earlier in 2001 at prices ranging from $4.26 to $4.72. These occasions are rather memorable, because they marked the beginning of the biggest bull market in silver since the blow-off move of 1979 1980.
As an aside, the biggest ever speculative net short position in silver futures (of more than 10,000 contracts) was recorded in late July 1997 “ with silver trading at $4.43, then the low of the year. Silver prices nearly doubled over the next two months. In other words, timing is apparently the strongest suit of this group of traders, in the sense that they usually just chase the trend. Collectively they have never correctly anticipated a turning point, at least not fully.
Yer İmleri