Comex Registered Fall off CliffWhile the current shortage in the retail silver market continues to stress investors as they have to wait 6 to 8 weeks for certain products, it seems to be carrying over into the 1,000 oz wholesale silver market. 
One of the leading indicators of the wholesale silver market is the COMEX Registered Silver Inventories:

collapseThe retail silver shortages we have experienced in the market are WARNING SIGNS for the BIG EVENT to come. 
If you are waiting for a signal that a global wholesale silver shortage has begun, it will likely be too late to acquire physical metal.  Why?  Because it has never happened before.
So, when the world bond and stock markets finally collapse under a mountain of paper, leverage and debt, we will witness one hell of a GLOBAL RUN ON SILVER. 

COMEX Registered Inventories Aug 5 2015One or more major players “jumped the queue” and took delivery of about 6.5 million more ounces of silver out of COMEX warehouses than anticipated at the beginning of the month.
Now, since this article was written (Aug 3rd), there were three more large net withdrawals:

2012 Amercian Silver Eagle Silver Eagle sales in June and July 2015 (10,369,000) were 123% higher than June and July 2014 sales (4,648,000).  Not only has the lower price motivated record Silver Eagle demand, but so has the financial turmoil stemming from the Greek situation in Europe. 
Does a massive WHOLESALE shortage loom?

Top Silver Producers Jan-May 2015In a stunning development, the world’s largest silver producing countries reported big declines in recent months.  This was surprising because the top two producers, Mexico and Peru, stated positive growth in the first two months of the year.
However, silver production from these two countries reversed this trend by declining in April and May.