Déjà Vu All Over Again

The Commercial net short position in silver now sits at 176.3 million troy ounces…and obviously down 62.1 million troy ounces from the 238.4 million troy ounces that they were short in last Friday’s COT Report. So despite the shenanigans in the paper market in silver, there has been about 12 million ounces of silver deposited into various and sundry ETFs and mutual funds in the last two weeks.