by Ted Butler
Silver Seek
Again and again, I have stressed that silver has been suppressed in price for decades by the concentrated short position of the 4 and 8 largest traders in COMEX futures. Many have come to accept this, but my findings do not have universal acceptance. That’s too bad because it’s all that matters in determining price. It would be better if we were all on the same page. The big shorts have always been able to buy back the short position that they added regularly. Thanks to a steady supply of traders who readily sold out of long positions on rigged price selloffs, the big shorts were able to buy back enough of their short positions to make it profitable.
But starting a year ago, the silver price-rigging scheme run by the big COMEX shorts stopped working as it had for the prior three and a half decades. The big shorts were unable to contain prices, as silver (and gold) ran to multi-year highs generating billions of dollars in losses for the big shorts.