This week silver has fallen the most since 1983. Since the 25/4 price peak, the physical silver holdings of the SLV fund has dropped by 32.24Moz. That is physical silver moving back into the market. Whoever said there was a shortage of silver must have been ignoring what has been sitting in JP Morgans vaults gathering dust, not to mention the other ETF's. On another note, CME release a statement regarding their margin changes. To summarise, the margins are adjusted according to volatility (not price). So we continue to see volatility, meaning the margins will not be reduced until the market stabilises. The link is here:
