So a lot of silver in LBMA vaults was removed in May. Guess what the new June numbers show? More silver out the door, another 2.3% drop.
"There were also 31,023 tonnes of silver (-2.31% on previous month), valued at $20.4 billion, which equates to approximately 1,034,092 silver bars."
https://www.lbma.org.uk/prices-and-data/london-vault-holdings-data
In the last 7 months about 180M ounces of silver has been withdrawn from LBMA, about 25-30% of the worlds mining output. Where is it all going I wonder?
Ann: Progress Report - Silver production update May 2022, page-81
Add to My Watchlist
What is My Watchlist?
