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<p>[QUOTE=&quot;Cloudsweeper99, post: 1241134, member: 3011&quot;]I haven&#039;t seen any evidence that would convince me that there has been a lot of speculation in the silver market.&nbsp; The market is so small that if a couple of hedge funds threw several billion dollars at the long side the price would probably have gone up a lot more than it did.&nbsp; Even $1billion could clean out all of the silver in the registered category at Comex unless the regulators prevented the purchase.&nbsp; </p><p><br /></p><p>I know it is high compared to a few years ago and other metrics, and that warrants caution.&nbsp; But until we see a few $10 up days, I think it&#039;s still pretty much a normal bull market and not a top.&nbsp; As the price goes higher I plan to keep selling a little, and like you I realize that I could be wrong -- but that&#039;s the way I plan to play it.</p><p><br /></p><p>Edit: Just to add one more thing, I keep reading that SLV may not own all of the silver they hold, and that could be a catalyst for higher prices too.&nbsp; Not that they did anything wrong, but if someone leases silver and deposits it in SLV for safekeeping, the silver will register as bullion by the lessor and by SLV, so there could be less silver around than it seems.&nbsp; I&#039;m not saying I believe it, but I wouldn&#039;t bet heavily against it either.[/QUOTE]</p><p><br /></p>

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