It’s Time To Be Extra Careful
Feb 19, 2021
4 minutes
By Patrick A. Heller
In the past week, there has been great volatility in the silver market. Some people who made outsize profits taking on the hedge funds who have sold short huge positions in selected publicly held stocks were looking for other assets to repeat the process. The silver market is definitely one with huge short positions, and some of these investors and speculators started to buy physical and paper forms of silver.
The surge in buying demand definitely had a short-term impact on the silver market. From the COMEX silver close on Jan. 27 at $25.42 to its close on Feb. 1 at $29.40, an increase of more than 15.6 percent. That was the highest COMEX silver close since
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