This is from the Kingworld News site talking about the Asians being the real force behind the silver. If correct this could be really interesting......

"The London Source continues:

“Right now the silver shorts are being flushed out in Asian trading on light volume and we have options expiration ahead of us. 38,000 silver contracts are in the money and the question is how many will ask for delivery?

As I mentioned to you previously, the Asians have also been taking delivery of silver out of SLV and will continue to do so. You have to understand that these Asian buyers are planning to take delivery of all of the available phyiscal silver they can get their hands on and will continue doing so for the foreseeable future.”

When asked at what price the Chinese will stop buying silver the London source replied, “The Chinese want out of dollars and they will continue aggressively purchasing both gold and silver in order to diversify. They don’t care whether silver is $50, $60 or $100, they will just continue accumulating. The Chinese may be patient buyers, accumulating on weakness, but you can bet that their relentless purchases of physical silver will eventually push the price well over $100 an ounce.”

As Dan Norcini and I discussed this weekend on the http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/4/23_KWN_Weekly_Metals_Wrap.html">KWN Weekly Metals Wrap, the Asians are steering the bus in the silver market as the paper shorts lost control some time ago.