Silver COT Update 1/6/12

After reducing their net shorts massively during last week's smash to $26, the commercials unsurprisingly increased their silver futures short positions a net 1,784 contracts (8.92 million ounces) into silver's price rally to $29 for the week ending 1/3/12.
Ted Butler just may have to wait another day to see the commercials cease massively shorting silver into price rallies.  Either that, or they are planning on one last major smash and wished to pile on a few additional shorts to take advantage of the last big smackdown.

Silver COT Report 1/6/12

Silver COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
26,629	16,991	19,212	41,300	57,216	87,141	93,419
2,603	-180	763	76	1,860	3,442	2,443
Traders
60	39	42	35	41	118	104
	Small Speculators
	Long	Short	Open Interest
	19,960	13,682	107,101
	-334	665	3,108
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, January 03, 2012

Silver COT Report - Futures & Options Combined
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
27,789	14,228	39,728	52,906	73,429	120,423	127,385
2,966	434	680	-147	1,839	3,500	2,953
Traders
77	37	62	39	44	141	122
	Small Speculators
	Long	Short	Open Interest
	22,291	15,329	142,713
	602	1,149	4,102
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, January 03, 2012