cef did another financing, which amounts to another 3.5 million ounces of silver disappearing from the market. and slv continues to add silver. this is where the game will be won, in the physical market.

from ed steer:

GLD added another 500,000 ounces yesterday, making that 3.5 million ounces ($3 billion) in less than a week. SLV scraped up another million oz. yesterday, making that 7 million in a week...far less than gold. Butler still thinks they are having trouble getting the silver. By the way the Swiss silver ETF is up to 26.3 million oz...up one million...and the London version added almost 700,000 oz. to 13.7 million ounces.

The Central Fund of Canada raised about $129 million in their latest underwriting agreement with CIBC World Markets, Inc....11.9 million shares @ US$10.80. That translates into around 3.5 million ounces of silver...give or take...and about 70,000 ounces of gold.

http://caseyresearch.com/displayDrp....