“Watch what happens to them over the next few months. BOOM!”
I take it BOOM means up?
Yep. Supply and demand is a very simple law. Hedge funds are dumping their paper positions, thus keeping the spot price low on the exchange. But the reality of what people are willing to pay for it tell the true story of what ACTUAL silver that you can hold in your hand is worth.
The commodity futures price and reality will equalize, or traders who need to take delivery will stop trusting COMEX- and that will be the end of the Commodities Exchange. Not likely to happen.
That BOOM is the bursting of another investment bubble, this time in precious metals. The winners will be the dealers who sell this stuff to the suckers.