Below is a graph of the Registered Silver Inventory for 2011. Since January inventory has dropped from over 45,800,000 ounces to 26,814,648 ounces today (click on image to enlarge).
It is that the amount of silver available for sale, in large quantities and the appropriate forms, is in increasingly short supply, down to record levels AT CURRENT PRICES.
This is significant for two reasons.
Such supply/demand imbalance, in the absence of supply or demand shocks, is often the result of long term artificial price manipulation and external forces in the market that prevent a market clearing price.
Eventually the market imbalance will be resolved, one way or the other. The banking cabal has tried to create available Silver by crushing the price downward in a hope Silver holders would dump their physical Silver.
That has not only failed to materialize, but Silver supply has actually tightened.
The shortage of Silver at the COMEX can be resolved with a significantly higher price. And I believe we are going to see that in the not too distant future.
It appears things are heating up again for another possible big breakout in Silver price.
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