Silver COT Report: Commercials Increase Silver Shorts 23 Million Ounces

The commercials increased their futures short position in silver by a net 4,639 contracts (23.2 million ounces) in the week ending 1/24/12.  Expect the commercials to have increased their naked shorts even further on silver's move from $32 to $34 during the second half of the week when next Friday's report is released.  Clearly the cartel has no intention at this time of merely stepping aside and letting the silver freight train run without a fight.

Silver COT Report 1/27/12

Silver COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
27,051	10,934	20,520	35,283	60,304	82,854	91,758
842	-1,882	1,292	-3,746	893	-1,612	303
Traders
68	36	43	35	42	126	101
	Small Speculators
	Long	Short	Open Interest
	20,171	11,267	103,025
	969	-946	-643
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, January 24, 2012

Silver COT Report - Futures & Options Combined
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
27,157	8,279	44,911	48,785	77,343	120,852	130,533
46	-2,167	4,182	-2,651	1,470	1,576	3,485
Traders
82	37	65	36	44	141	126
	Small Speculators
	Long	Short	Open Interest
	22,796	13,116	143,649
	1,183	-725	2,759
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, January 24, 2012