Silver's Decline Makes Profit For Lansdowne Partners

Silver fell yet again, touching new lows in barely over a month. The latest decline puts the YTD fall to 28 percent so far and is also notable as the price is now the lowest since September 2010.  Slower industrial growth has been bogging down profits in all commodities and metals have clearly been hit the hardest. Silver had entered the bear market last month, as per data from CFTC till May 14, hedge fund positioning in silver futures is not in the net short zone yet but is in the buy zone with severe downward pressure on price. Silver…