There are only 1600 Comex silver contracts for March 2011 outstanding as of Friday March 4.
I suspect this story is nothing more than a well written story to excite.
It’s not that easy.
Near the end of February (before the contracts went off the board), there were about 65,000 contracts!
Most of these have been rolled over for May delivery, and the numbers for May are now somewheres around 89,000 contracts.
And we will probably see more get picked up during the rest of March and early April.
89,000 contracts is 445 million ounces.
Possibly, but where there is smoke ...
Besides, there's all that newly created currency by ALL the central banks looking to trade for something real (e.g. silver, gold, commodities and so forth).