I believe the volatility of silver can only be due to the Options Market (Derivatives). So the price of physical silver is determined by not the actual amount or supply of silver, but the naked silver short positions (puts/ derivative). They can sell tons of silver that never existed. Pay attention to what Mike Maloney says on the video below. This guy is sharp and contrarian to the mass media information. Apr 6, 2012 - Silver Manipulation: 'High Frequency Shearing' - Mike Maloney All manipulations eventually fail. Shortages... free market eventually overwhelms. Gold and silver are the alarm bells on whether the central banks are doing a good job of managing the currency. http://www.youtube.com/watch?v=pB_aZo5emio&feature=player_embedded Thanks again for viewing this post... STAY AWAY FROM THE FAKE SPDR ETF SLV owned by the corrupt JPMorgan. Physical silver is still on sale!