Well the LBMA, the largest holder of known silver will "soft...

Well the LBMA, the largest holder of known silver will "soft default" if the silver decline continues at same pace in 2-3 months. The decline could speed up or slow down so we will have to wait and see on that. That is definitely something to look forward to in the near term. COMEX will take a little longer perhaps.

But if the LBMA runs out of "available silver" that is going to be a massive boost for the silver price and should be coming soon. Remember the LBMA stated they "nearly ran out of silver" when they had 300M more ounces than they do now, when SLV spiked at the start of the silver squeeze. LBMA soft defaulting won't be the grand-daddy price movement we know is around the corner but it may trigger it.

Most people suspect that the people operating within the LBMA and COMEX have oversold their precious metals, so the less actual product they hold the more likely these scams will be found out too, just like any bank run on physical products that they cannot print their way to infinity with. This will also likely trigger significant price rises in silver.