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Got to have some foreplay before full penetration.

Ronan Manly FTW. He included source links in that report. I'll have to do some digging for updated numbers. It might have to wait for the September update though as I'm dealing with some issues that are limiting my computer time right now.

I don't know how much might be owned by other ETFs. I only reported on numbers where I could find reported data. I listed my sources. If you can find some reports of vault totals for other ETFs, please let me know!

Vault totals through end of August: https://www.pmbug.com/threads/silver-demand-drivers-and-vault-totals.6364/post-110745

https://michaelwest.com.au/sizzling-whatsapp-texts-blow-the-lid-off-asic-investigation-into-abc-bullion/

^^^ Analogous to folks owning gold/silver in a 3rd party vault. If you don't hold it, you don't own it...

Price of silver in China continues to creep up towards USD $35.

Silver closed down ~$0.70 USD in China (SFE/SGE). I don't expect any upwards momentum with spot trading today.

I did not expect a strong move down in silver while China was still moving up. Very curious to see how this shakes out in the week ahead. Quad witch 1 silver 0.

Silver closed up just a few cents in China this morning (for me in the USA). It's a quad witching day here in the USA. Markets likely to be a bit volatile. I expect silver spot to tread water (more or less) today.

Silver closed up $1 in China today (SGE/SFE) at ~$34.24/.29. I expect spot move up to keep pace (seems to stay roughly 10% below China these days).

An echo of what I've been saying: https://www.kitco.com/news/article/2024-06-11/great-reset-financial-world-war-coming-global-elites-plan-come-out-top

Here in the USA, CPI numbers were released this morning that were slightly cooler than expectations. The markets (gold, silver, crypto, etc.) reacted as if this increases the chance that the Fed might cut rates later today. More volatility lies ahead this afternoon (USA time) as the Fed could...

YouTube and X are full of people spewing hyperbolic nonsense about BRICS hoping for viral engagement. The BRICS (especially Russia and to a lesser extent, China) are wanting to build the infrastructure to compete with the USD/SWIFT system. Every time some foreign minister makes a comment about...

FWIW: https://www.pmbug.com/threads/silver-demand-drivers.6364/post-103571

US Jobs number came out this morning and they disabused Wall Street of hopes for a near term rate cut.

AFAIK, there is a short list of entities that can ship physical to China to sell on the SGE/SFE and they are already active in exploiting the arbitrage, but yeah, maybe some Comex investors that just continuously roll their contracts will start standing for delivery when the physical scarcity...