LBMA #silver inventories dropped another 3.6% last month!
The #silverdrain continues!
And remember, a significant portion of this is allocated to ETFs like $SLV
LBMA: "These figures provide insight to LBMA's ability to underpin the physical OTC market"
That ability is falling
The #silverdrain continues!
And remember, a significant portion of this is allocated to ETFs like $SLV
LBMA: "These figures provide insight to LBMA's ability to underpin the physical OTC market"
That ability is falling
https://twitter.com/ThHappyHawaiian/status/1536145715872813057
Also always fun to point out that 6 years after the @lbmaexecutive said they would start posting #platinum inventory data there's still nothing
They said it would begin "soon"
Why is that?
#platinumsqueeze would happen, that's why
They said it would begin "soon"
Why is that?
#platinumsqueeze would happen, that's why
the other thing to note is that COMEX inventories are falling at the same time.
Thus, unlike the drop in 2020 where LBMA silver flows went to backstop the COMEX vaults, both are experiencing simultaneous drains as silver is consumed by demand in excess of supply
Thus, unlike the drop in 2020 where LBMA silver flows went to backstop the COMEX vaults, both are experiencing simultaneous drains as silver is consumed by demand in excess of supply
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