May 30 Silver Vaults (ozt)
PSLV
SLV
1.9M
COMEX
1K
COMEX withdrawals finish the month at ~39%
of May26 delivery requestsCOMEX [R] run rate
COMEX [E] run rate
SFE run rate 494d (as of May 29)
SGE run rate
(as of May 22)COMEX 5-28
ozt1K ozt (0.03t) from Delaware30K ozt (0.9t) moved from [E] to [R] in Delaware
COMEX Run Rates
Remaining Vault Stock = 316.5M ozt (84.1M [R], 232.4M [E])
Net "withdraw" rate through last 5 days = 368K/day
DEPOSIT@ 52% [R], run rate =
@ 100% [E], run rate upper bound =
@ 100% [E], run rate lower bound =
@ 100% [E] run rate mid point/avg =
COMEX May26
May26 contract cumulative deliveries = 6,414
May26 contract equivalent ozt = 32,070,000
Actual withdrawals in May ozt = 12,633,194.49
May withdrawals finish the month at ~39%
of May26 delivery requests. See here for historical context.COMEX Commentary
Thursday's 1K ozt net withdrawal comes as a 1.2M drain rolls out of the 5 DMA window so the net deposit rate grew significantly.
Someone actually withdrew a single LGD silver bar from the Delaware vault. lol.
SLV Share Lending
chartexchange.com is throwing 504 gateway time out errors on the borrowing fee page. No report today.
SLV Assets
Blackrock:
2.1M sharesJPM:
1.9M ozt (59.1t)ozt/units ratio 0.9051
1mo lease rate started rising and SLV jumps into action to support the LBMA with a huge release of vault stock. It's also the end of the month, so this could be indicative of "painting the tape" for LBMA vault stock reporting. If that is correct, we should see a large inflow of vault stock early in June (next week).
PSLV
unitsoztozt/units ratio 0.34112
PSLV being quiet like a ninja (again).
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Previous report: https://www.pmbug.com/threads/silver-market-260529.8969/
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