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Date: 24-Mar-2017:



USDINR opened at 65.51 and closed at 65.41 on Metropolitan Stock Exchange of India In India.


Thursday, June 9, 2011

The Comex Has Been Experiencing a Dwindling Supply of Silver

The Comex has been experiencing a dwindling supply of silver due to reclassifying of holdings from Registered (physical) to Eligible (non-deliverable). For example, last week Scotia Mocatta reclassified more than 1.4 million ounces of silver from Registered to Eligible. Now, the silver drain at the Comex continues with HSBC reclassifying 438k ounces of silver from Registered to Eligible status.

The total physical supply (Registered) of silver at the Comex is about 28.7 million ounces. This is a 30% decrease when compared to the silver holdings during April. To add insult to injury, the U.S. Mint has reported all-time record Silver Eagle coin sales through May this year.

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