this week ted butler weighs in on the silver etf, explaining how even though the gold etf continues to add physical bullion to its holdings, the silver etf does not. his estimate is that slv is now short 60 million oz. of silver, and it cannot acquire the metal without driving the price much higher. there isn't enough physical silver to supply both industry and the etf.

basically everyone and his brother are long silver now, and a handful of large banks are short.

http://news.silverseek.com/TedButler...