Sprott Physical Silver Trust Updates Investors on the Delivery Status of its Silver Bullion Purchases

Go here for more on the late delivery and concern of trust management:

"Frankly, we are concerned about the illiquidity in the physical silver market," said Eric Sprott, Chief Investment Officer of Sprott Asset Management. "We believe the delays involved in the delivery of physical silver to the Trust highlight the disconnect that exists between the paper and physical markets for silver."

As someone who frequents websites to see what physical is for sale to the average consumer there has been a strong, scary almost how strong it is, trend of longer and longer wait times for expected delivery of not just coins but bars and even scrap silver (gold too but much lesser of a degree). This is if they even are offering it for sale or it has not already been sold out. It is remarkable that anyone would call this a bubble right now, the laws of economics promise us this will go ape shit to the up side on. All that is needed is the first failure to deliver of physical metals from one of the major exchanges. This will set off a chain reaction of every paper metal holder in the world trying to claim what they thought was being held for them in good faith. It will be a good old fashion bank run on the exchanges and I predict they will be shut down and allowed to deny delivery. When, that is impossible to say. We are approaching the trigger event rapidly. I would be shocked if it makes it another 5 years, but you never know, the white shoe gang can be pretty creative with their ponzi schemes and at robbing the public blind.