"If you look at various sources (google it), most of them estimate the entire quantity of investable silver in the world is somewhere between 2.8 and 4 billion ounces if you include the small denominations of silver (which can't be used to deliver on the COMEX). Using the high end estimate at 4 billion ounces, this would mean the entire investment grade silver market is only valued at $109 billion. The futures market only deals with 1000oz bars of which there is estimated to only be 2 billion ounces worth." --- Ho ree fuk
"If you look at various sources (google it), most of them estimate the entire quantity of investable silver in the world is somewhere between 2.8 and 4 billion ounces if you include the small denominations of silver (which can't be used to deliver on the COMEX). Using the high end estimate at 4 billion ounces, this would mean the entire investment grade silver market is only valued at $109 billion. The futures market only deals with 1000oz bars of which there is estimated to only be 2 billion ounces worth." --- Ho ree fuk