... the Silver market is waiting to explode The BIS just reported derivative totals and the category "other metals" which is mostly Silver, more than doubled in size to $203 Billion over the last six months alone. To put this number in perspective, the annual global production of Silver is about $10 Billion and a rough estimate of global above ground inventory is $17 Billion. So the "paper Silver" market is about 20 times the size of annual global production and 12 times the above ground inventory. Can you say default?!!! If you have no physical Silver that you can hold in your hands or is deposited (by you) overseas then you do not have Silver. It is all bogus, it is all a fraud and it is systemic across the board and across the globe.