The technical situation in silver

There's an interesting technical situation in silver. The speculative community, which is normally bullish, has actually gotten short of silver. According to the CFTC  commitments of traders report, "non-commercial" traders (another word for specs) are now a total of 85 million ounces short. This is the largest in recent memory. This is very unusual, since specs are traditionally bullish on both gold and silver.
Now just because a group of people who are normally bullish have turned bearish, doesn't mean that the price is headed higher. There are good reasons to be bearish on silver. However, one can assume that these are weak hands. They probably don't want to be short, but are following trends. So if something happens to change the trend, they will head for the exits ASAP. In that case we will get a fierce rally.
Is this enough to go long silver. Probably not, unless you have some idea of the catalyst that will turn the trend. If you do, it's a nice risk/reward situation. Making it even better is that option volatility is on the cheap side, so you don't have to risk much.
I'm thinking about it - will let you know if I pull the trigger.