Two silver market commentators have been going back and forth regarding the large silver long that has emerged in the futures markets. Silver market observers are trying to figure out whether it is a sovereign, or a large managed money trader, that has dramatically reversed course and have gone long the futures market.
Here is what the silver futures market looks like for the past few months, which will be relevant to the discussion in this article.
Source: Investing.com
Ted Butler and Alasdair Macleod have both noticed that a really large long appeared in the