An interesting observation GWR1. Registered Silver stocks increased from Aug - Sept by 5MM oz while Eligible WH stocks fell by 9MM ozs within the same timeframe. Seems like someone was pressured to cough up an awful lot of outright owned Silver (owned & not for sale) and toss it into the physical pool (ready for delivery) to help satisfy a critical market demand shortfall.
The net effect is someone gave up rights to 9MM oz of Hard Silver, and a counterparty took 5MMoz of that alotment into their exclusive posession while the other 4MM oz was outright transferred out of the CRIMEX clutches into some unknown hard asset safehaven.
Worth noting is the POS rose from $38 to $43 in the same time period, so who the heck would want to sell the real deal in the face of rising prices????? Doesn't compute in the capacity of normal functioning of markets creating incentive to sell....... except of course if a party was granted an exclusive invisible "OTC"-type transaction deal to sell those ozs at much higher than prevailing market price per oz. Hmmmmmm.
