Is There a Short Squeeze in the Silver Market?

``We are not privy as to who the actual market participants are in any day-to-day price action but one thing is certain based on the RISING open interest – fresh shorts are coming in. A short squeeze of the nature that many are hoping to see in silver in regards to Morgan would be accompanied by a sharp DECLINE in the open interest as price worked higher. Such an occurrence would be evidence that they are covering shorts and the only selling is coming from liquidating longs. For now, there are still plenty of willing sellers in this market. The test for the bulls is whether they will keep the pressure on or if they will be unable to resist the temptation to pocket what have been extraordinarily good profits on open paper positions.''