silver making history on comex

Harvey Organ reports that this week is a history making even in COMEX silver.

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This is the first time in silver comex history that we have seen an amount still standing equal to the amount already served. There are 8 days left so an average of 560,000 oz must be serviced on each and every trading day until the end of this month. It is quite obvious that the comex does not have the silver available for servicing our patient longs.
---end of quote---

The big question is how will failure to deliver be treated by CME, owners of COMEX and the CFTC and how will the metal price respond?
Allow me have the pleasure of answering my own question. The metal price is responding already. Organ reports the margin between NAV and PSLV is 21.17%
The REAL price of silver for those who want it is actually US $43.50