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As Silver Vaults Rapidly Deplete Globally, What's The Price For Silver In China?
The exponential rise in the price of silver over the last 5 months has many observers shouting ‘bubble!’. However the rise in the price of silver has been powered by a global shortage of the metal - and the market shortage of silver is getting much worse. Warehouse vault stocks of ‘Registered’ silver, metal available for delivery to market, in New York vaults of the COMEX exchange has declined 50% since August and 25% in the prior 30 days alone and now stand at 102 million (M) oz. Yesterday (Monday) the Shanghai Futures Exchange (SHFE) vault holdings of silver bars declined by 9% in a single day and combined ... (full story)