Commercials Nearly Double Net Silver Shorts to 200 Million Ounces Over Past Month!

The commercials increased their net silver shorts another 1,878 contracts (9.39 million ounces) in the week ending 2/21/12.  This brings the commercial's net short silver futures position back up to 39,188 contracts, or 195.94 million ounces!
A mere 5 weeks ago, the commercials' net short position in silver had been reduced to 20,382 contracts (101.91 million ounces).  In only 5 weeks time, the commercials have increased their net silver shorts an astonishing 94.03 million ounces, or 92.2%! 
Expect this number to have significantly increased again during the $2+ rally in the 2nd half of this week when the numbers are released with next week's COT report, likely taking the commercial's net short silver position back over 200 million ounces!



Silver COT Report 2/24/12

Silver COT Report - Futures
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
34,819	8,154	21,545	31,735	70,923	88,099	100,622
1,959	962	2,174	308	2,186	4,441	5,322
Traders
76	34	39	33	46	133	97
	Small Speculators
	Long	Short	Open Interest
	22,484	9,961	110,583
	1,270	389	5,711
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, February 21, 2012

Silver COT Report - Futures & Options Combined
Large Speculators			Commercial		Total
Long	Short	Spreading	Long	Short	Long	Short
35,614	5,863	48,447	46,307	89,331	130,368	143,641
2,146	675	2,913	-18	2,088	5,041	5,676
Traders
99	28	67	38	47	154	127
	Small Speculators
	Long	Short	Open Interest
	25,639	12,366	156,007
	1,244	610	6,286
	non reportable positions		Change from the previous reporting period
COT Silver Report - Positions as of				Tuesday, February 21, 2012