Having been reading through the different COT reports via charts recently it seems to me that there are some very large commercials short on most commodities; ie the latest on Ted Butler on silverseek is that the large silver shorts may be market makers. 

Gold and silver have traditionally been the last to move of the commodities- because proportionately when bought for investment  its when the conditions are right, and the conditions are not right 'all' the time.

 Gold is regarded as the investment hedge of greater importance because banks still hold it (and some acquire it), while silver was in fact historically the pm most closely related to money. The Chinese operated a silver standard when the rest of the world played with gold.  However silver and oil for the Arabs doesnt have quite the same ring as gold and oil, that being the rub.  Also there are the 'gold bugs'who prefer gold maybe due to Biblical reasons. So there is a personal preference as regards investing in the pms, silver has much more of an industrial use although gold is being used industrially these days too, so depending on bias there are strong arguments for both.

Times are changing; outside the North Atlantic for most people there isnt much concern about hoarding coins in case there's a problem with the USD. When the pms break out in foreign currency there's a notable increase in the value of either, but for most these days shares are still the investment of choice..when theyre going up, multiples of x 5 - x10 beat x1 x2 of the $ etf.