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May 6, 2021 | The CFTC’s Response Ted Butler No one has followed the silver market trading mechanics for as long or as closely as Ted Butler. At just shy of the two-month mark, I received a response from the Commodity Futures Trading Commission yesterday to my letter of March 5. I had raised highly specific questions regarding the concentrated short position of the four largest traders in COMEX silver futures, both over the week ended Feb 2 in which these traders were the sole short sellers and on the broader basis of these traders holding the largest short position in any commodity in real world terms. As a refresher, here’s a copy of my original letter. ....