JP Morgan continues to accumulate the biggest stockpile of physical silver in history
Money managers are feeling increasingly optimistic about silver, against a backdrop of cautiousness regarding gold according to the latest Commitment of Traders (COT) report.
There has been some record buying in the last fortnight. The report shows some impressive moves given just under a month ago the silver market was net short. Last week speculative gross long positions in Comex silver futures rose by 11,920 contracts to 66,224. Whilst short positions fell by 10,379 contracts to 28,122. Silver’s net long positions now stand at 38,102 contracts...