VHF, that is some interesting reading and suggests that there does appear to be a perfect storm developing in the silver market. The short and naked short selling of the iShares Silver ETF uncovered by Ted Butler could have a significant impact on the silver price if this starts to become accepted as fact. The fact that Barclays have decided not to respond to his inquiry speaks volumes. It is also telling that the short position was as its highest at just under 1 million in mid-March when silver was trading over $21. It appears they may certainly be using the SLV ETF as a proxy in manipulating the silver price.

It's also good to see the news of deficiency in the Perth Mint silver pool making the rounds in the local press down under. That should put pressure on the government to investigate the legitimacy of these claims and I wonder how long they can keep pushing back delivery dates before the truth is finally unveiled.