Eight days after Issue #16 went out, silver sits at roughly $72.81 in early Friday trading on June 5, under sustained macro pressure from the Iran-Israel-Lebanon situation, sticky inflation expectations, and a US payrolls release due this morning. Markets are pricing the energy-shock channel, not the physical-silver channel. Two articles ago I wrote about India pulling the world's largest physical-silver bid. Earlier this week I covered why the COMEX vault grew by 4.8 million ounces in eleven days. Today's story sits on the other side of the balance sheet. It is about the country that produces about 15% of the ... (full story)