With Silver prices continuing to coil, it remains touch and go as to which way it could break. But with volatility seemingly brewing around a pivotal area, when it breaks, it could be hard and fast. Ultimately, we suspect silver’s price action is fast-approaching an inflection point. However, a quick look at market positioning paints a bearish view. As noted in Monday’s COT report, silver’s bullish positioning is at its weakest level this year and on the verge of flipping to net-short exposure on rising volumes. Furthermore, managed funds are net-short for a second consecutive week with gross-short exposure trending ... (full story)