While our bullish view toward silver is primarily rooted in its historically cheap price level, this argument is given added credence by the fact that positioning in silver as per the Commitments of Traders report has recently posted a series of record spec short readings. Positioning by swap dealers near the end of 2018 was also net short, which indicates even professional funds were bearish toward silver.
All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.