nk I tend to disagree.
I think there is some level of manipulation going on. A lot of big miners which extract silver as a by-product allow banks to control the sails. 70 % of the world's silver is mined as a by-product of copper, lead, zinc, etc... The by-product silver runs at a fraction of the copper, lead, zinc, etc... sails. Banks looking after the price of silver??? Wonder why? Because of its currency potential?
I mean the link I provided shows there is a physical aspect to settlement. This may not be between the people involved in the contracts as such, but requires the traded silver to be in the COMEX vaults regardless. If people start demanding physical we could have a problem if it is not there. I think it is safe to say there is more paper than physical silver at the COMEX. And March looks to be some record when it comes to contracts, time will tell.
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