Silver Market 260613

Jun 13 Silver Vaults (ozt)​

PSLV
SLV???(no update - JPM too busy watching FIFA world cup I guess)
COMEX14K

COMEX withdrawals remain ~22.5% of Jun26 delivery requests
COMEX 5 DMA run rates
SFE 5 DMA run rate 52d (as of Jun 12)
SGE 5 WMA run rate (as of Jun 5)

COMEX 6-11​

14K ozt (0.4t) in Delaware

ozt

ozt moved between [E] and [R]

COMEX Run Rates​

Remaining Vault Stock = 319.4M ozt (85.2M [R], 234.2M [E])

Net "withdraw" rate through last 5 days = 33K/day DEPOSIT (from 25K/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 = 2,181 (no change yesterday)
Jun26 contract equivalent ozt = 10,905,000
Actual withdrawals in Jun ozt = 2,454,200.65 (no change yesterday)

Jun withdrawals remain ~22.5% of Jun26 delivery requests. See here for historical context.

COMEX Commentary​

Thursday's 14K ozt net deposit grew the 5 DMA deposit rate slightly as a 26K ozt net withdrawal rolls out of the 5 DMA window. Looks like most of the vaults took Thursday off.

SLV Share Lending​

10M Shares available

Borrow fee rises remains 0.41%

Interactive Brokers reports no activity since June 8.

SLV Assets​

Blackrock:1.5M shares
JPM:???(no update - report is still as of June 11)
ozt/shares ratio ???

Monday is the 15th (middle of the month) and I expect JPM will effect another 3M ozt NYC-London vault stock swap like they have done for the last few months.

PSLV​

units
ozt
ozt/units ratio 0.34123

PSLV sleeping again.

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Previous report: https://www.pmbug.com/threads/silver-market-260612.9024/