| From Mineweb.co.za: Last week, the price of silver tested the key resistance level of $18.50/oz but, failed to penetrate this level. Today it has breached it, but it remains to be seen whether this will prompt further increases or a fallback. The bullion banks seemed to have been putting a cap on the price at the $18.50 level.
According to the latest Commitment Of Traders (COT) report, the four or less largest traders (Commercials or bullion banks such as JP Morgan and HSBC) are currently short 225,484, 000 ounces of a total net current short position of 268, 720, 000 ounces..............................................Full Article: Source
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