COMEX registered silver is now down to 36 million. Silver stored at the LBMA is also down to record lows and dropping 5% per month. With silver demand expected to be significantly higher in the coming year and mine/smelter closures around the world it looks like we are heading into the perfect storm.
Going to be very interesting for the silver price and by extension MKR since it is currently Australia's only primary producer of silver and sitting on a large deposit of it.
MKR Price at posting:
14.0¢ Sentiment: None Disclosure: Held
