I posted this over at MKR but its specific to silver so should get posted here too. The new June numbers for LBMA silver holdings are out, and surprise surprise another 2.3% drop in silver! Like skol says the world is awash in silver which is why COMEX and LBMA are being drained of it. Where is it going? Good question.
"There were also 31,023 tonnes of silver (-2.31% on previous month), valued at $20.4 billion, which equates to approximately 1,034,092 silver bars."
