COMEX Vault Custodians Solve Ancient Alchemy Riddle - Create Silver Out of Thin Air

[pmbug]

Last year in November, when the COMEX was draining vault stock fastly and furiously to support the LBMA, COMEX silver stock reports noted a few anomalies with silver adjusted out of existence. The silver wasn't withdrawn. It was adjusted. Poof, it's gone.

This year starting in April., COMEX silver stock reports are noting more anomalies with silver adjusted into existence. The silver wasn't deposited. It was adjusted. Poof, it's there.

Per the silver stock reports:

Nov 14, 2025 : Asahi 1.8M ozt (55.6t)
Nov 25, 2025 : Brinks 757K ozt (23.6t)
Nov 26, 2025 : Brinks 1.2M ozt (37.8t)

Total 3,758,551.12 ozt (116.9t)

Apr 9, 2026 : Brinks 1.2M ozt (37.2t)
Apr 17, 2026 : Brinks 974K ozt (30.3t)
May 1, 2026 : MT&B 371K ozt (11.5t)

Total 2,542,228.411 ozt (79.1t)

I have previously commented on X:

...
In the span of a week ..., Brinks has "adjusted" 2.1M ozt of silver into existence per the CME's silver stock reporting. Absent a reasonable explanation for this (hint, hint @CMEGroup and @Brinks), I would have to wonder if Brinks is drawing from custodial silver stock they hold for third parties like @MilesFranklinCo or possibly others like @silvergoldbull, @GoldSilver_com, @bullionvault (not sure if these last three hold silver in Brinks NYC vault specifically).
...

Looks like the CME vault custodians have a deeper well for magic silver alchemy than I thought!

 

[Cigarlover]

The janitors may have been using them as door stops and forgot to return them.

 

[pmbug]

The janitors may have been using them as door stops ...

 

[Voodoo]

Nothing like some good fraud in the morning. We'll call it rehypothecation cause that sounds better.

 

[pmbug]

Brian Kuszmar posted a video where he talks about Metalor and Asahi refineries processing silver dore direct from LATAM and that's why they are backed up and not buying scrap or less that .999 fine from dealers any more. He posits that they are selling LBMA good delivery bars to the COMEX or LBMA.

If they are selling direct to vault operators (like Brinks and MT&B), that might explain how they "adjusted" silver into existence. The silver bars are being delivered and stored in their vaults, just not within the COMEX system. I'm not sure what exactly the rules are for COMEX processes that determine what is a deposit vs adjustment, but it sounds plausible in my head.

 

[nickndfl]

That's why they put erasers on pencils.