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<p>[QUOTE=&quot;fatima, post: 1077191, member: 22143&quot;]The price is rising because of speculation on the silver COMEX.&nbsp;&nbsp; To put it into perspective the US Mint sold something like 34 million ASEs or 34 million ounces of silver over the last year.&nbsp;&nbsp; (more or less)&nbsp; In comparison there are over 70,000 contracts just for March delivery on the COMEX which is equivalent to 350,000,000 ounces and total open interest is over 635,000,000 ounces.&nbsp;&nbsp; It&#039;s assumed that at most, there are only 50,000,000 ounces of silver available to cover these contracts so the vast majority of the price movement is due to naked shorting.&nbsp;&nbsp; It really doesn&#039;t have anything to do with the actual physical demand.</p><p><br /></p><p>Someone is going to get their back broken.&nbsp; It will be either the folks trying to take advantage of the situation or the ones supplying all the unbacked paper.&nbsp;&nbsp; </p><p><br /></p><p>As I said earlier, if anyone of these players opts out of the COMEX then the price of silver will collapse.&nbsp; Those who bought the physical metal at current pricing will be left holding the bag.[/QUOTE]</p><p><br /></p>

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