When it comes to the 25% drop in the U.S. spot silver price we’ve seen over the past two days, Turd Furgeson (not real name) sums it up at TF Metals Report when he writes:
If the OI [Open Interest] numbers come in flat to only slightly down, then we’ve not simply seen a bubble pop. We will have witnessed, over the past 48 hours, a massive manipulative short-selling spree the likes of which we’ve never seen before.
