When asked about silver specifically, Embry responded, “I think silver is one of the most mispriced assets in the history of mankind. The very fact that it’s $29, given all of the fundamentals surrounding it, and it’s down $5 or $6 in the last couple of months is ridiculous.
The physical offtake in silver is enormous. Inventories in the world are minimal. This is all being done with paper, and the main culprit is JP Morgan with their massive short position. I don’t know how that’s going to work out, but I honestly think there is a very strong probability of some sort of force majeure on the COMEX before this is over.”
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