It has been noted some time back that the 10 year TIPS has diverged from the gold price, against which it had been correlated. The West has lost control. The bullion banks have increased their shorts on the CRIMEX even when the gold inventory is taken into account.

Demand for physical metal was strong, so the silver price climbed throughout the day until London closed and the Comex took over.
- IRAN STRIKES: Silver Sees Highest Weekly Close In 11 Years, But Take A Look At This…

Of course, silver is just a red-herring for gold. Even Alasdair Macleod has become a silver bug recently.

Absurd!

Or as some gold bugs have said, physical is where the rubber meets the road. The LBMA OTC market is physical, the CRIMEX is a futures market where only a fraction of a percent is stood for delivery. When the Hunt brothers stood for silver delivery in the 1970s, they were arrested.