by Clint Siegner
Silver Seek
Anyone with a naked short in the silver futures market risks getting squeezed by physical buying. Demand for delivery of COMEX silver bars is rising, even as the paper price of the metal fell more than 4.5% last week.
Silver shorts sold contracts representing a whole lot more silver than they have available to deliver again last week.
The disconnect between paper prices and physical demand is getting more ridiculous by the day.
It is also getting more dangerous for COMEX market participants – long and short. The COMEX functions on confidence, which can vanish suddenly.