you're late
the breakout from $9.24 happened 48 hours before the SEC alerted the AMEX that SLV could be listed pending public comment...
so the word from the SEC leaked somehow (imagine that), and the COMEX warehouse silver pile increased by several million oz. since....
SLV will need a pile of registered silver from someplace since it will be backed by physical, unless the filing is modified to include some other derivative(s) ..............
just an opinion of course...........