You are ignoring the huge illegal short position of the few concentrated banks which may be just JPM. The move to correct illegal futures manipulations by the SEC could release info at any time that would extend silver & gold much higher. However, the right thing to do would collapse JPM and the treasury will try to prevent that. So only 1/2 way measures will likely be done, but silver is primed for a surprise up move at any time. You guessed it, I follow Ted Butler. You can read him at investmenrarities.com The silver spot trade has been a $16-$18 range and I figure a pop to $18-$20 is the next range before the big bang up. If silver drops as you think, and your points are valid, it is a buying opportunity that won't last long.
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