Silver: Bullion banks are most bullish.

Here is a graph of the position of the bullion banks:

 

 

 

Generally speaking, the bullion banks are always short. The graph shows that shorts increased during the rally of 2010-2011. That brought silver down. The bullion banks then tried to crash silver  in recent years, but they were unsuccessful. They have recently covered record short positions and are now the most bullish in years. They are expecting a rally in silver - all the while discouraging the investors.

 

We have had a short rally in the precious metals. Is this the long-awaited rally? The experts tell us that if gold closes above 1,400, it is.