Silver Price Watch
- Thread starter STKR
- Start date
Current COMEX holdings are meant to be almost 500 million Oz's. This has risen from 300 million Oz's last year. The question remains: Where did they get the silver from? We've seen multi-year deficits, so it certainly wasn't from mine supply or scrap metal refining. Look at that parabolic supply from January to March this year. I call BS. It looks like they clicked a few buttons and just added 180 Million Oz's.
datatrack.trendforce.com
This is the 10 year view
COMEX Inventory: Silver | DataTrack
The COMEX Inventory: Silver is published by the Commodity Exchange Inc. (COMEX). This indicator is used to track the amount of silver held in COMEX-approved warehouses. It serves as a key benchmark for assessing supply levels and potential market movements in the silver market. A high inventory...
datatrack.trendforce.com
This is the 10 year view
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Is that a known fact or just an observation in a decline in LBMA vault data around the same period?
From my understanding for the commercials to place short positions they need to hold physical silver. This may be on a fractional reserve basis but maybe the additional reserves were needed to increase the shorts to manage the price.
It's fairly well understood. COMEX gain + LBMA drain started in December and accelerated into January and February with the height of the tariff risk concerns. It was happening with both gold and silver. EFP spreads and borrow rates blew out. SLV London inventory drained of Kazakhstan marked bars (no tariff risk) and increased in China and Russia marked bars (tariff and/or sanction - so they stay in SLV London vault). When the tariff exemption was announced, the EFP spread and borrow rates crashed, but COMEX continued to increase vault supply while the LBMA claims the same with their vault (which didn't make sense - hence the magical mystery I wrote about).
I was in a supermarket, looking at snack pack "Cricket" costing $4.60 a small pack
then saw cat food call "Temptations"
anyway, big ship can be sunk by the Sun and Moon
water can be moon pulled to meters high, then the sun work on the storm and wind
the boat can be slam against the salt water, causing concussions to the crews
no eyes witnesses, ship on the sea bottom with its silver load
and is clear weather.
then saw cat food call "Temptations"
anyway, big ship can be sunk by the Sun and Moon
water can be moon pulled to meters high, then the sun work on the storm and wind
the boat can be slam against the salt water, causing concussions to the crews
no eyes witnesses, ship on the sea bottom with its silver load
and is clear weather.
Friday night dump. I have all my ducks lined up pending
No significant dump this week. I wonder why?