James Turk - Short Squeeze in Silver Could Be the Big One

``With the new multi-decade high in silver, the shorts find themselves on the ropes. Given my study of short squeezes in the past, we have to open our minds as to what is possible here. There is no way of predicting the future, but short squeezes usually end up with a rapid escalation in price, meaning this could be the big one. Eric, normally we go into option expiration and both gold and silver will be under pressure. This is the first time we’re going into option expiry with silver in backwardation. That’s why I have been stressing the potential for a short squeeze as we move towards the end of February. ''