Why has Macquarie Bank taken huge deliveries of Silver this month so far? If they are not bullish on Silver then why would they do this? When you look at the total deliveries for July, Macquarie is now at1077 contracts or 5.385 Million Ounces of Ag for the monthand we are only three delivery days into the month. This is compared to a measly total of 76 contracts or 380,000 Ounces for the SIX months to June 2020. See the details below -