Silver Market 260613

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

pmbug

Your Host
Administrator
Benefactor
Messages
20,877
Reaction score
8,683
Points
268
Location
Texas
United-States

Jun 13 Silver Vaults (ozt)​


PSLV🚫💤
SLV???(no update - JPM too busy watching FIFA world cup I guess)👀
COMEX🔼14K

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. 💤

~~~

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