Recent content by pmbug

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...

Comex took the LBMA's silver in Jan-March.

I've updated my number crunching on the global silver vault totals (and free float estimates) for May: https://www.pmbug.com/threads/silver-demand-drivers-and-vault-totals.6364/post-134362

The fight to bring silver back under $35 for the end of the week close is just getting started. Friday smackdown featuring Mr. Slammy in the spotlight.

Elon and Trump are fighting publicly today - Elon on X and Trump on Truth Social. It's getting ugly... View: https://x.com/pmbug/status/1930713140217671916

$35.58 usd

2025 has brought a sound money legislation landslide. Several states passed or almost passed legislation to establish gold and silver as legal tender and to develop payment rails for using them as a parallel currency. I reviewed the legislation for bills in AR, MO, FL and TX in the article...

It's happening! View: https://x.com/pmbug/status/1928545028965539902

JMHO but, Jeff Christian is a tool. https://www.pmbug.com/threads/silversqueeze.7327/post-99150 ~~~ https://gata.org/node/23170

FYI FWIW: https://www.pmbug.com/threads/the-silver-academy-wtf.7935/

I would think the US Treasury would be the best option for an FOIA request. You can try the Defense Department, but I suspect they won't be responsive ("national security"). You might also try sending an inquiry letter to various Congressmen/Senators as well as advocacy groups (that have...

That's what I've been asking. https://www.pmbug.com/threads/silver-presents-the-magical-metal-mystery.8183/

https://www.pmbug.com/threads/silver-might-10x-within-the-next-3-years.7455/

Bold emphasis is mine: https://www.ecb.europa.eu/press/financial-stability-publications/fsr/focus/2025/html/ecb.fsrbox202505_02~7f616fcd3f.en.html You don't say?

I posit that it is irrelevant as long as the demand vectors remain disjointed. Should silver revert to a monetary metal (ie. demand driven by the same channels that drive gold demand), I would expect the mining ratio to gain relevance as a determining factor rather than a simple observation. A...