COMEX Registered Silver Bullion Drops By 13% Overnight to 35.8 Million oz

Silver is once again going vertical overnight on the breaking news that Scotia Mocatta has transferred 5,287,142 ounces of silver from registered to eligible status.  This means that available COMEX silver for May delivery has dropped from 41 million to 35.8 million ounces overnight.  It didn't take silver long to respond, as it is nearing $46 in Asian trading, last touching $45.81.  $46 silver to close the week tomorrow looks almost in the bag at this point.  Show us what you got Blythe, we look forward to your margin hike tomorrow!