Paper Trading & Manipulation in Precious Metals

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One Comex contract for silver is for 5,000 ounces.
Average inventory of silver available for delivery is 30M ounces.
Silver production for the year is about 800M ounces a year.
Supposedly more than 45 thousand contracts traded on Feb. 29 or about 255M ounces.
In a matter of hours, paper silver sold 8.5 times more than inventory available for sale.

So do I believe that the silver market is manipulated?

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