world silver mine production 750,000,000 ozsslv took out 34 million ozs on friday. They are legally enjoined to buy that silver and place it in its silver depository. 134 million shares of slv traded so far today. That is the equivalent of about 134 million ozs of silver or thereabouts. After reconciling buy and sell trades they only need to be required to purchase 41 million ozs at the end of today to reach 75 million ozs total silver oz purchased.
If that were the case they would have the need to purchase t0% of the silver produced just on the basis of the last two trading days....