Utter rubbish the lbma has 1.1bn oz. in its vaults. 73 years of supply from a cannington, oh yeah ok. So that’s 7 canningtons (1.1bn oz / 15mn oz Ann prod = 73 / 10 yr mine life) in London plus what another 7 in NYC and in the east another 7??? Seriously there are only a handful of mines that produce anywhere near 15mn oz a year and you expect us to believe that all this silver is just lying around.
Supply in the silver market is that thin what a joke. Look at the u308 market and you can see what happens in a thin market.
As for the Singapore connection they have really hung up a big sign of how thin the market is at 400/15000t or 2.6% capacity.
the clearly fake and inflammatory posts from silver bashers make us actually check facts, they keep us strong!
