by Dan Norcini
Let’s start this off with a broad overall look at the various players in the silver market.
[…] The gigantic war continues unabated. Hedge funds keeping pile in on the long side while Commercials and Swap Dealers keep selling them all they want. The hedge fund net long is at a new all time high. The Swap Dealer net short is also at a new all time high. Commercial net shorts are fast approaching the all time high set back in October 2009.
[…] The difference between the imbalance between the hedge funds longs and the other large shorts is being supplied this time around by the Swap Dealers whose net short position is nearly 9x as large as it was back when the Commercials notched their all time high in short positioning.