The author argues that major U.S. investment banks unwinding their silver short positions removes futures-market selling pressure and supports a medium-term uptrend in silver.
Unpriced research observations (excluded from Calls and Returns):
SI=F — LONG The author argues silver is trending upward over the medium term because major U.S. investment banks recently wound up their short positions in silver. This unwinding removed a large source of downward pressure in silver futures markets. The author caveats that this does not automatically mean a sharp rise, but still supports a medium-term uptrend. Exact non-equity contract requires separate historical validation; no generic proxy.
large investment banks in the US have just wound up their shorts on Silver a couple months ago. That means a huge huge amount of downward pressure on silver in the futures markets has disappeared.
Now, this does not automatically mean silver will go up sharply - but it does mean in the medium term silver is trending upwards.