Hedge Funds Show Lowest Net Long Silver Positions since February 2010

``The [commitment of traders] evidence is contrary to the notion that silver has already peaked and instead supports the idea that silver has merely corrected... Interestingly, while the price of silver skyrocketed from $30.75 in February to near $50 in late April, hedge funds and CTAs were actually net sellers of silver futures for the period as the graph above clearly shows.''