If the silver inventories in question are being double-counted, as now appears obvious as a result of this response, that amounts to the sending of false price signals.
Morgan says, "It's inevitable at some point, and I don't know if it's this year, where the availability of silver becomes harder to get and the industry starts to worry."
Without a legally imposed gold/silver ratio or dollar peg, the number is now free to fluctuate and can be a valuable tool when considering if it’s a good time to buy.
We have now reached the point in silver (and gold) where it is difficult for me to see how prices don’t quickly explode. Everything I look at, from a physical supply/demand perspective to the paper positioning set up on the COMEX, tells me we are at the point where only an upward price surge makes any sense
AB 29 would exempt “precious metals bullion,” defined as coins, bars, rounds, and sheets that contain at least 35% gold, silver, copper, platinum, or palladium.
Speculators have been building a heavy short position in recent months. They won’t go long and commit to a position there until silver breaks above $30...