Slightly late to the update but I am sure most people here...

Slightly late to the update but I am sure most people here already know the new LBMA report.

"There were also 26,138 tonnes of silver (a 1.4% decrease on previous month), valued at $18.1 billion, which equates to approximately 871,257 silver bars. This is, again, the lowest amount of silver held in the vaults since reporting started in July 2016."

Another month on month drop of silver at the LBMA, as I posted before we should be expecting less month over month drops as they approach a liquidity issue. Silver demand is the highest ever this year and the reason LBMA and COMEX cannot refill their vaults is simply due to the lack of physical silver available. Which is the reason they are being drained of their silver. We are finally seeing price rise due to the lack of physical liquidity at the two largest silver markets and it should continue for the next months, likely years and potentially forever if one is to believe the numbers out of MetalsFocus.