flower-shilling

Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
I updated my silver vault analysis (LBMA, COMEX, SFE/SGE). Numbers don't make a lot of sense and I suspect someone is lying...



www.pmbug.com

Silver Demand Drivers (and vault totals)

Update (see post #115 for last month):LBMA - As at end February 2025, ... There were also 22,462 tonnes of silver (a 4.5% decrease on previous month)... ETF report for 7 March claims 551.648 mtoz vaulted in London. That leaves a total of ~170.536 mtoz of silver in the London vaults not owned by...
www.pmbug.com www.pmbug.com
 
I really wanted to do the analysis and post an update last Monday, but I was working at a client's site (out of town) and didn't have a chance until today. Cheers
 
pmbug said:
I updated my silver vault analysis (LBMA, COMEX, SFE/SGE). Numbers don't make a lot of sense and I suspect someone is lying...



www.pmbug.com

Silver Demand Drivers (and vault totals)

Update (see post #115 for last month):LBMA - As at end February 2025, ... There were also 22,462 tonnes of silver (a 4.5% decrease on previous month)... ETF report for 7 March claims 551.648 mtoz vaulted in London. That leaves a total of ~170.536 mtoz of silver in the London vaults not owned by...
www.pmbug.com www.pmbug.com
Click to expand...

You know... I entertain the possibility there's silver sitting in undisclosed vaults somewhere. The numbers have rarely added up and it caused me to speculate on such a possibility.
 
The LBMA, COMEX and SFE/SGE have strict requirements on the specifications (dimensions, purity, and/or mint/refinery) for the silver bars they accept and trade. This is the issue with 1,000 toz "London Good Delivery" (LGD) bars.

PSLV supposedly vaults most of their LGD silver in Bank of Canada vaults in Canada.
 
You must log in or register to reply here.
Back
Top