The latest Commitment of Traders Report from the CFTC revealed over three million ounces of silver went into silver ETFs over the past week.  Ted Butler says that action, coupled with the physical shortage of silver available for investment today, has created a "pressure cooker" situation where silver prices could explode "in a matter of days!"  The average investor, Butler projects, stands a chance to make more on silver than any other investment available currently.  "The biggest mistake will be selling too soon!" he believes.

Butler likens the current situation to the two big runs in silver prices that occurred during the Hunt Brothers' market manipulation in the 1980s and the dramatic price rise to $50/oz. in 2011, when 60 million ounces of silver were added to ETFs.  "Except now, over the last 3-1/2 months, four times that amount has been bought by ETFs!" Butler said.

Also discussed by Butler and Cook:

What are the chances non-monetary silver sources like flatware and jewelry could erase the current supply shortage and force prices down?

Why you should never store physical silver with the dealer you bought it from.

What's behind the recent short position contract changes by JP Morgan and the Big Banks and how will they affect silver prices?