Despite the fact that silver rose around $15 during the holiday-shortened reporting week, I was amazed but happy to see that the Big 4 shorts...two of which are U.S. banks...manage to reduce their short position. In fact, it may have been their short covering that drove silver's price higher during the reporting week.
I have no record or memory of the Big 8 holding such a tiny short position when Ted's raptors were only net long this small amount. In the 'old days' many years back, it was…
