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New York Silver Is Not Solving London's Acute Silver Shortage Problem - Nor Can It

From jensendavid.substack.com

With the latest market data such as extreme lease rates and disrupted trading in London indicating that physical silver bar availability in the London silver market is approximately zero, some are noting that silver is being flown to London from New York implying that this will alleviate or materially address the shortage. The scale of London’s silver problem is measured in the billions of oz. of immediate ownership and delivery-on-demand promissory note contracts standing in the London cash/spot market with daily average trading volume over 600 million (M) oz. per day of these spot silver contracts . CME COMEX ... (full story)

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  • Category: Fundamental Analysis