Silver Price Watch

[STKR]

A $3 USD week is a good start. That's about $4.60 AUD.

 

[pmbug]

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

 

[STKR]

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

I was literally looking into this right now. Perfect timing. Thanks

 

[STKR]

BlackRock owns 40 million Oz's? I find that very interesting! I wonder if they added to their stack around the same time Warren Buffet sold his.

 

[STKR]

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.

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

 

[pmbug]

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

 

[STKR]

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

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.