Commodity Trade Mantra

Posts Tagged ‘Silver Inventories’

Record Low Silver Inventories may Spark Serious Fireworks in Silver Market

Having hit a new record of 44 owners per ounce – Registered Silver Inventories are at the lowest level in over a decade at 23.3 Moz. Silver Inventories fell as Indians & North Americans were buying record silver bullion. Now the Chinese are not only acquiring a lot of silver for industry, they are now buying silver for investment. We could soon see serious fireworks in the silver market.

Silver Market - Most Suppressed Market Of All To Witness A Historic Shortage

Based on several factors, it is eminently possible that we are on the cusp of ignition, of the biggest bull market in financial market history; which in my view, will be focused on “anti-fiat monies” like gold and silver. But nowhere is shortage more likely to occur than in the most suppressed market of all, Silver, where inevitably, the breakout above $50/oz, will commence a new phase in history.

COMEX Registered Silver Inventories at Lowest in Over 15 Years

In just three days, the total Registered silver inventories at the COMEX fell from almost 30 Moz down to 23.1 Moz. Thus, COMEX Registered silver inventories are the lowest they have been in more than 15 years. What is interesting this time around is that the Registered silver inventories declined from a peak of 70 Moz in the beginning of 2015 to 23 Moz currently on very low silver prices.

Comex Registered Silver Inventories Plunge Nearly 10% In One Day

The Comex continues to see a drain of its Registered Silver inventories, while the SHFE inventories are showing a rapid increase. It will be interesting to see what happens at these two exchanges over the next 6 months. If Comex Registered Silver inventories continue to fall, this could spell more trouble for the highly leveraged paper based precious metal markets going forward.

Shanghai vs Comex: Opposite Moves In Silver Inventories

COMEX silver inventories peaked in the beginning of July at 184.5 million oz (Moz) and then continued to decline, reaching a low of 159.9 Moz presently. Shanghai Futures Exchange silver inventories bottomed on August 18th at 233 metric tons (mt), then continued to grow over the past three months to the present 528 mt.

Stunning Development In The U.S. Silver Market

While the current shortage in the retail silver market continues to stress investors as they have to wait 6 to 8 weeks for certain products, it seems to be carrying over into the 1,000 oz wholesale silver market. One of the leading indicators of the wholesale silver market is the COMEX Registered Silver Inventories.

The Coming Silver Shortage - Ted Butler

How much longer can the COMEX-orchestrated price, delay the physical silver shortage and crunch to come? I am confident that once a wholesale physical silver shortage kicks in, that shortage can’t be further contained by derivatives trading & most likely will have to burn itself out the old-fashioned way – by allowing the market to discover the true clearing price.

India Imports Record Amount Of Silver In November

India imported 1,254 mt of silver just in November, compared to a total of 1,274 mt for 2009. Furthermore, Indian silver imports in October and November (2,497 mt) were higher than the total in 2012 at 1,922 mt. India’s estimated 2014 silver imports at 7,400 mt equals 234 million oz (Moz) or 28% of total world mine supply of 825 Moz.

The Inevitable Upcoming Silver Shortage

The combined demand from Indian silver imports, U.S. Silver Eagles and Royal Canadian Mint Silver Maple Leafs – i.e., the three largest sources of physical silver demand, aside from unreported Chinese imports – have increased by an astonishing 198%, tripling from 93 million ounces, 7 years ago, to an estimated 279 million ounces now.

Significant Drawdown Of UK Silver Inventories On Record Indian Demand

Demand for silver bars and coins has soared in recent weeks as bargain hunting retail investors returned to the silver market after a disappointing first half of the year. Its more than evident in India where silver imports are up by 14% YoY for the Jan to Oct period, so strong, that it produced a significant drawdown of U.K. silver inventories.

Shanghai Silver Stocks Fall & Silver Eagle Sales Rise Continue

Silver Eagles sales by the US Mint increased 700,000 to over 2.4 million this Monday. Yesterday another 350,000 were sold for a total of 2,765,000 for the month. Total sales of Silver Eagles so far this year are 30,911,000. Silver Stocks at the Shanghai Futures Exchange hit an all-time low today as the price of silver trades in the $17 range.

U.S. Silver Stocks Collapse As Public Debt Skyrockets

The U.S. Government liquidated 99.99% of its silver inventories and the majority of its gold reserves. In return for pawning off the greatest hoard of Gold and Silver on the planet, the Fed now holds $4.4 trillion of worthless crap on its balance sheet, $2.4 trillion in U.S. Treasuries & $1.7 trillion in MBS.

How The Coming Silver Bubble Will Develop

While I respect anyone’s reasons for buying & holding silver, my mission has always been to help end the manipulation and be done with silver after that was accomplished & reflected in the price. And if history & logic win out, the silver manipulation must end, not the least because of the coming clash between paper & physical silver.

Silver Inventories Nearly 90% Depleted At Shanghai Futures Exchange

Chinese silver inventories grow increasingly tight as stocks at the Shanghai Futures Exchange continue to fall to record low levels. The Shanghai Futures Exchanged experienced a net decline of 995 mt in silver inventories, a nearly 90% from their record peak in March, 2013 to end of July 2014.

Silver Continues To Drain From The Shanghai Futures Exchange

In the past week, the Shanghai Futures Exchange suffered another large withdrawal of silver from its warehouse stocks. Actually, this is the lowest level of silver inventories since the exchange started building its silver stocks in August, 2012. – An 11% decline in total stocks in just 8 days.

Silver Eagle Sales Hit A New Record In March

Sales of the U.S. Mint Silver Eagle has reached 4,476,000 at the end of the week & even surpassed the amount sold last year by over one million. If Silver Eagle sales top 500,000 on the last reporting day, total sales in March could surpass 5 million and overtake January as the highest monthly amount.

Institutional Buying: The Coming Silver Game Changer

The sector that will have the largest impact on future silver investment demand will be institutional buying. As confidence in the Treasury & Bond markets begin to wane, we are going to see more institutions and retail investors rotate out of paper and into physical assets.

Hey You Silver Bears! You Have Been Warned

The manipulation of gold and silver markets by paper monetary authorities of the Fed & member banks will come to an end by a much greater power – Except for a small percentage of the educated gold and silver investors, the American public is sleep-walking over a cliff.

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