Rockheads the short position is 175 million as of last weeks COT report 35,000 contracts
Which runs from tuesday to tuesday. Their short position is currently about 35% of the total market short in open interest. Basically JPM is the only one shorting silver. The total level is the highest its been since mid december.
YES finally you get it. Over about the past month JPM is pretty much the only one shorting silver. This is what makes their position so extreme and manipulative. It is also suggested JPM was or is the big silver short in the SLV which just covered 10.5 million ounces. This is why you had a 60% drop in the SLV short position. What other entity could of covered that much besides JPM. It maybe speculation other one must follow where on is lead.