KWN's London Source: Asian Buying to Power Silver Past $100

Eric King's London source today stated that soon  $3-$4 days in silver will be common and that Asian buying will power silver past $100.  The volatility is beneficial if used correctly, as it provides opportunities to purchase physical silver at a significant discount, solely due to the momentum based selling of hedge funds.
For those who have not yet pulled the trigger on their physical silver purchase this morning, we recommend you complete your purchase, as silver is already on the way north again, nearing $47.

From King World News:
The London Source: “$3 to $4 dollar days in silver will become common, from now on $2 days will be considered slow.  There will be a great deal of volatility going forward, but more often than not silver will close near the highs.”

“Right now the silver shorts are being flushed out in Asian trading on light volume and we have options expiration ahead of us.  38,000 silver contracts are in the money and the question is how many will ask for delivery? 

As I mentioned to you previously, the Asians have also been taking delivery of silver out of SLV and will continue to do so.  You have to understand that these Asian buyers are planning to take delivery of all of the available phyiscal silver they can get their hands on and will continue doing so for the foreseeable future.” 

When asked at what price the Chinese will stop buying silver the London source replied, “The Chinese want out of dollars and they will continue aggressively purchasing both gold and silver in order to diversify.  They don’t care whether silver is $50, $60 or $100, they will just continue accumulating.  The Chinese may be patient buyers, accumulating on weakness, but you can bet that their relentless purchases of physical silver will eventually push the price well over $100 an ounce.”