you make some good points, but wouldn't it be easier too just buy 5000 contracts from the crimex and take delivery of the silver.oh, wait !  that would remove 25Moz from inventory and that would not look good to the public, because the crimex has the right to settle their deliveries in cash, and would never let that much silver out of stock.

the HSBC puchase just confrims that their is a physical shortage of silver but a never ending supply of paper silver

JMO