I don't play in the futures market, but doesn't a promise to sell at a lower price translate to an obligation to deliver? (unless a promise to buy cancels it)
At any rate, spot prices of the underlying asset did in fact get whacked.
The U.S. mint suspended sales of ASE's due to "strong demand outpacing supply". The mint said they would resume sales in two weeks. Doesn't it seem sketchy that the price of Silver tanks the next day! In what market does greater demand lead to lower prices?
All of this, plus all the turmoil in China, Greece, etc, I still can't understand why anyone would bet on the price of gold/silver going lower, unless they have the leverage and the intention to drive prices down for accumulation.
News 
Market Data 
Discover 
