New silver has to be brought in from other sources [JPMorgan in London] to meet the ongoing demand for physical metal...as all the metal in New York is already spoken for and not for sale. That's been more than obvious on the COMEX in the past month or so -- and as mentioned a bit further up, at least 77 million oz. have been flow in from London in the last four weeks. This demand will continue until available supplies are depleted...