Good article on who is selling silver if you care to peruse it. Basically the gist can be found at the end of the article:
" rolling fall-back is our term for where the big sellers are forced to close out losing short contracts while redeploying new short positions at today’s higher prices. It explains the phenomenon where the price of silver advances sharply but the commercial net short position rises less than expected. We believe, based on the data above, that some of the commercial net short positioning is NOT being redeployed. At least not yet...very strongly bullish for silver short term."
It also goes onto state: "If not for the surprise margin price hike by the CME we strongly suspect that silver would already have eclipsed James’ $30 target, and maybe by quite a bit. The silver market was very close to becoming disorderly on Tuesday.
Couple that with the Asians buying physical silver at depressed paper prices and you can see why no one feels compelled to short more silver.
At least not yet? We are at the start of a 30 year bull market in Silver. Only the most idiotic and foolish would short silver. The short covering from the criminals alone will push silver over $100. Another $200 will be from the rest of the investors. Wake up people.