When banks were covering their short positions in the first four days of this month, over 3,500 silver contracts were now moved to physical delivery. That's 5,000 ounces per contract, and there's 3,500 of them. That's silver that has left the inventory of Comex, not just paper transactions.

So what are hedge funds? What are big banks doing? They're unloading COMEX to ship it to China. Because if you can buy in America at $95 an ounce, sell it in China the same day for $103, that's instantly.