Silver drops by 15% amid rising short positions

Silver price was falling in December as traders not only stayed away from the white metal, but also opened more short positions in silver. Experts predict further fall in prices of precious metals as risk in the market grows and such commodities as silver and gold are now considered as risk assets. Moreover, silver and gold started to show strong correlation with equities thus increasing anxiety of the investors and causing large liquidations of the precious metals. COMEX silver traded circa $27/oz, being 15% lower than this month's highs.