Silverado Gold Mines

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According to the CME Groups recent release, Comex Registered Silver inventories reached an all time low yesterday. The Registered Silver inventories are those stocks ready to be delivered into the market. Looking at the data put out by Sharlynx.com, Registered Silver Inventories haven’t been this low going back to the 1970’s.

The Registered Silver inventories suffered a large drop yesterday, when 3.6 million oz (Moz) were transferred out of three depositories. The CNT Depository transferred 374,494 oz, the Delaware Depository transferred 1,492,945 oz and JP Morgan, 1,742,050 oz. The 3.6 Moz were transferred out of Registered inventories and into the Eligible. Thus, there are now only 25.3 Moz of Registered Silver inventories at the Comex.

http://www.silverseek.com/commentary/deliverable-silver-stocks-comex-reach-historic-low-15331