COT figures will tell their short term intention - agree.I've...

COT figures will tell their short term intention - agree.
I've been tossing around Basel 3 in my head ( scary place ) and implications if any to PM markets and keep coming back to short covering and the extent of it. I had hoped a few weak holders here might have peed their pants this morning and a chance of a top-up in the 8's was on. Did not get there but Ag may well come under renewed pressure from these players in the next week so a chance may well re-appear.
That may well be a Wile E Coyote moment - or not. I am favoring a punt prior to COT on silver and IVR is good leverage to that.