One guest in this weekend's FSN radio broadcast (can't recall who) mentioned India is having trouble getting the Silver it wants. For years India received all the Silver it wanted and a third party took care of the export/import paperwork on their behalf. Then several months ago the Indians were told to do the paperwork themselves, but were too lazy and refused, presumably lived off domestic existing stockpiles & other minor import sources until now. Today with their cupboard bare, Indians are now willing to do the paperwork but London (their largest supplier) has told them there is no Silver to be had now when only a few short months ago some 300 Million ounces were available (esl - I doubt anyone has this much Silver in any one stockpile.) On the topic of China which has announced a half TRILLION infrastructure buildout, it makes sense to me that they would want to hoard as much Silver (and other strategic metals as well) turning to net importers. The global commodity boom remains alive and well.