Embry - I Believe Global Silver Stockpiles Are Now Exhausted

"...Embry had this to say regarding silver: “It’s astounding that the price of silver has fallen from $35 to $28 with the nature of the tight physical market. I think silver is in enormously short supply.

The combination of the industrial and medical uses, in combination with silver’s monetary attributes, is going to lead to the demand overwhelming available mine supply. We also have the massive short positions in silver and there is very little inventory available. The JP Morgan silver short position is the primary reason why the silver price continues to be held at levels that are unrealistically low..."

 

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