Jun 6 Silver Vaults (ozt)
PSLV
SLV
542KCOMEX
26KCOMEX withdrawals are currently ~0.8% of Jun26 delivery requests
COMEX 5 DMA run rates
COMEX 6-4
ozt26K ozt (0.8t) from Delawareozt adjusted between [E] to [R]COMEX Run Rates
Remaining Vault Stock = 319.2M ozt (84.8M [R], 234.4M [E])
Net "withdraw" rate through last 5 days = 540K/day DEPOSIT (
from 545K/day)@ 52% [R], run rate =
@ 100% [E], run rate upper bound =
@ 100% [E], run rate lower bound =
@ 100% [E] run rate mid point/avg =
COMEX Jun26
Jun26 contract cumulative deliveries = 2,109
Jun26 contract equivalent ozt = 10,545,000
Actual withdrawals in Jun ozt = 86,195.35
Jun withdrawals are currently ~0.8% of Jun26 delivery requests. See here for historical context.
COMEX Commentary
Thursday's 26K ozt net withdrawal shrunk the 5 DMA deposit rate slightly as a 1K ozt withdrawal rolls out of the 5 DMA window.
One week (~25%) into June and withdrawals are less than 1% of deliveries. I'm pretty sure that is abnormally low historically. It really seems like the COMEX is dead.
SLV Share Lending
10M Shares available
Borrow fee remains 0.39%
Interactive Brokers still reports no activity since May 28. ???
SLV Assets
Blackrock:
600K sharesJPM:
542K ozt (16.9t)ozt/shares ratio 0.9047=
SLV's London vault stock drops to 400.7M ozt. Local low at the start of May was 398.4M ozt.
PSLV
unitsoztozt/units ratio 0.34123
PSLV sleeping again.
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Previous report: https://www.pmbug.com/threads/silver-market-260605.8997/