The traders are swapping paper contracts that allow for physical delivery, but no one asks for physical delivery. The result is that many, many multiples of the amount of investment grade silver currently available are being traded in paper form that could be asked to be settled in silver.
How can there be excessive downward pressure on silver when it is near its highest price in the past five years? I don't see the play here.
The traders are swapping paper contracts that allow for physical delivery, but no one asks for physical delivery. The result is that many, many multiples of the amount of investment grade silver currently available are being traded in paper form that could be asked to be settled in silver.