despite the fall in silver prices, the silver etf (slv) bought another two million ounces. they aren't liquidating; they're trying to buy physical silver.

this is from ed steer:

The volume in silver was a little heavier yesterday than on Tuesday...but still nothing to write home about. Surprisingly enough, the silver ETF...SLV...rose two million ounces, while GLD was down 200,000 ounces. In a nutshell, the gold and price crucifixion last Friday had nada, none, zilch, zero effect on the silver and gold ETFs. As a matter of fact...SLV was up!

How long these guys can keep gold and silver suppressed in the face of massive investment demand is unknowable. But as long as the 50-day moving averages for both gold and silver can be defended, the tech funds (who are the ones that always drive the market prices higher by going long on the Comex in the Non-Commercial category) will keep their wallets firmly closed. But the bifurcation of these two markets (paper price vs. physical price) is now the talk of the town. I'm sure that the boyz are trying to prevent the metal prices from rising so that investors can't see the exit signs that would most certainly save their lives if the lights were allowed to be turned on. It looks like they want everyone, and everything, to go down with the fiat currency ship. Unfortunately for them, they won't be able to fool "all of the people, all of the time"...to steal a line from Abe Lincoln.

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