Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-28

LBMA silver inventories are at a record low. Short position by the large bullion banks now exceed 6 months of total annual mine production. Never in history has any commodity been so short sold as silver.
The only reason that they have been able to sell it short was due to a massive above ground stockpile that existed for decades allowing paper leverage, knowing that delivery could be met if required. That stockpile is close to being exhausted as silver has been in deficit now for well over a decade and the deficits that are published by the Silver Institute are well short of the actual deficit which by my calculation are running at somewhere between 400-600m Ozs annually.
I achieved that calculation last year just before Danial Ghali of TD Securities published his report in which he concluded that 165 years of LBMA available float in 2019 would be exhausted within 2 years.

Here we are 12 months after his report, and LBMA silver inventories have collapsed. You believe whatever you want to believe, but the facts are and the fact is that there are now only 7-8 Ozs of in-ground silver to in-ground gold currently left in the Earth's crust, unless they find a lot more somewhere.