SD Bullion Weekly
SD Bullion Update: Silver Deficit —1.347 Billion Oz and Growing
We continue to see large movements of silver bullion out of major exchange inventories and unsecured ETF warehouses worldwide.
The ugly truth for the silver market deficit is that if unsecured silver ETF and silver ETP flows are considered, the supply deficit is now estimated to be —1.347 billion oz and growing since 2019 through this year 2025.
Interestingly, this week, for the first time this decade of the 2020s, we saw some 3 million ounces of unsecured SLV silver holdings withdrawn from JPMorgan's NY warehouse. Why such large outflows, now?
The spot silver and gold prices sold off slightly during the week's trading.
The spot silver price closed the week at $49.95 oz bid, and the spot gold price finished this week at $4065 oz bid.
The spot gold-silver ratio ends this week at 81.
That will be all for this week's Bullion Market Update. And as always to you out there, take great care of yourselves and those you love.
16:05
CLIP SOURCES
- Silver to see ’periods of significant outperformance vs gold’, says UBS
https://www.investing.com/news/commod...
- Tightness In Silver Physical Market To Support Prices, Target Of $55-65/Oz In 2026: UBS | CNBC TV18
• Tightness In Silver Physical Market To Sup...
- Gold, Chaos & The Reckoning Ahead: Jim Rickards 1-on-1 w/ Keith McCullough
https://www.youtube.com/live/m0lmsEkw...
- Win 500 Silver Coins, enter here:
https://SDBullion.com/sweepstakes