Silver Could Spike to $50 Based on Short Positions That Need To Be Bought Back

``Anathan Thangavel of Lakshmi Capital is long silver futures and call options for his clients– and will add to his silver positions on any pullback. He knows there are huge short positions in silver; CFTC records show that 44.1% of the gross short position in silver is held by the 4 largest traders. And he reports in a comment on the silver market on Lakshmi’s website (“A Twist on the Silver Market”) that “Some traders I have spoken with are targeting the 40-50 level within 4 months.” ''