The COMEX Silver Vault Just Grew. The Reason Matters More Than the Number.

From silverpriceforecast.com

4.8 million ounces flowed into COMEX in eleven days. That is not the surprising part. The surprising part is what drove it, and what it does to the paper-to-physical math. Six days after I published Issue #16 of the Silver Catalyst Newsletter, the June 1 COMEX inventory report showed combined silver stocks rising by approximately 4.8 million ounces since the May 21 reading cited in this issue. That brings total reported COMEX stocks to roughly 318.7 million ounces: 84.6 million sitting in the registered category as metal pledged for delivery against open futures contracts, and 234.1 million held to exchange storage ... (full story)