Submitted by SD Contributor SRSrocco:
The latest USGS monthly Silver Commodity Update IS AN ABSOLUTE SHOCKER. If we take a look at the difference in silver exports from just June to July, we can see that a staggering 169 metric tonnes of silver was sent to the United Kingdom back in July. This is a 5.4 million ounce transfer of silver to the U.K in just one month:
If you notice, you will see that the normal amount of silver that has been moved per month to several different countries is in the 30,000 kg or 30 metric tonnes. However, in July the U.S. exported 169,ooo kgs. or 169 metric tonnes to the U.K. Looks like there has been some serious silver being transfered to the LBMA in London.
Lastly, of the total 587 metric tonnes of silver bullion exported between Jan-July of 2012, 169 metric tonnes or 29% of the total silver exports took place in one month… and to one country…. U.K.