Apologies if someone has repoted on this, I have no time to read 4 pages of posts that appeared on this thread since I last checked yesterday. I thought I would post this: I have a Perth Depository account. For a long time when silver ran hot, they would run out of small bars, but would always have the big ones, those too big to deliver to small silver bugs. What I saw yesterday was the opposite. They had some 10oz bars and NOTHING ELSE, NOT EVEN 1000oz bars they always had available. To me this is significant. Who cleaned up all the big stuff? Not small investors like me, surely! Is JPMorgan buying to try and ensure they can deliver to those who will want physical metal? Or is it local institutional demand? One way or another, something has changed IMHO.
SVL Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
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