Silver is on the move again, and the market is in untested waters…
7.5 million ounces of silver leaves COMEX in 2 days
Silver is on the move again, as more 7.5 million ounces have left the registered category in the COMEX in just the last 2 days.
There are still 72.5 million ounces of silver remaining in the COMEX´s registered category. Although it is worth noting that there´s been a sharp drop in the holdings in the past 15 months since the silver squeeze weekend knocked the retail dealers off line for a few days.
Yet with supply chains more strained than ever, and new silver mining projects not currently being green-lighted with the silver price close to the cost of production for many silver miners, it leaves the silver market in untested waters.
To find out more about what´s going on, click to watch the video now!