The big thing to look forward to in the next few days, regardless of silver price, is the LBMA vault holding data. Should be released within the next few days.
They are very close to a "technical default", as in having no free silver to trade and if September is another bad month for them we could have hit that point already. It is hard to quantify the private holdings there of people who aren't interested in selling and how much total slack is there, but within 2-3 months all non ETF owned silver would be gone at current depletion rates. It obviously won't drop to only be holding ETF silver as like I said there are private holders there, the question is how much "slack" is left in LBMA?
It could be zero right now. Which is a major problem for paper traders. It is red alert for any "paper scams" going on over there, which many have suggested the silver and gold is oversold 10x at least. JP Morgan started shifting "real silver" from within LBMA into new audited vaults (still at the LBMA) starting late 2021 as they realized this event was coming and that the oversold issue would present itself there.
Also COMEX is continually losing silver and is down to 41M ounces in registered. The "big silver event" is not far away.
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