Silver prices are set in the Comex futures pit in Chicago, and traders are becoming excited again by prospects for the shiniest of metals because of the supply and demand position within the exchange.
What has happened recently is a drop in the amount of physical silver available for delivery in the Comex – down 38 per cent to 29 million ounces since the start of 2011 – while the amount of silver that is being held for clients to claim in the Comex is up by 23 per cent to 72 million ounces.
Bullish signal
This looks like a classic under supply relative to demand situation waiting to happen, and this is very bullish for the price of silver.
Read more @ ORIGINAL SOURCE
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