I suspect that the tightness of the silver market ( actual metal, not paper) is restraining the silver paper pushers. They are already VERY short and don't look to have an easy way out.

Gold is becomming a curious market also. This is from this morning's Ed Steer:

"I'm becoming more intrigued by the outstanding gold contracts left to be delivered in April...as it sits at 2,462 contracts...which is up 72 contracts from Thursday. As I said yesterday, I wonder what the shorts are waiting for, as there is no shortage of gold for delivery...and I can't figure out why they just don't deliver and get it over with. It bears watching...and I will."

I see Ed Steer has not been posted. I'll get it up in a minute.