(Video length 00:55:03)

The Basel III date of June 28th has come and gone, with little movement in gold or silver prices. But what's really going on behind the scenes?

Will Basel III have any impact?

And perhaps more importantly, is it a reflection that behind the scenes, the banks have, or are close to finally running out of silver?

To find out, I'm joined by silver expert Craig Hemke of TF Metals.