In silver, 5 U.S. banks are now net short only 13,779 COMEX contracts, down a stunning 12,137 contracts from the 25,916 contracts that these same 5 U.S. banks were net short in the August BPR...a whopping 47.5% month-over-month decline -- and the smallest short position they've held since the June 2019 BPR. My jaw hit the floor
But the big takeaway in silver this month was the implosion of the short position by the U.S. banks...now down to 8.7% of total open interest -- and maybe less since…
