, Columnist
Silver's Bullet
Hedge funds betting on the tarnish spreading should watch out.
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Someone is about to catch a bullet in the silver market.
Commodity funds are betting that the metal is headed for a fall. The net short position that money managers have in Chicago silver futures touched a record 39,604 contracts earlier this month, coming back slightly to 36,417 in the most recent report out Friday. That's equivalent to about 182 million troy ounces, or 5,663 metric tons.