Silver Market 260619

Jun 19 Silver Market Morning Snapshot​

SFE Futures (Dragon Boat Festival)
SGE Spot (Dragon Boat Festival)
LBMA Spot (Juneteenth holiday)
COMEX Jun26 Futures (Juneteenth holiday)
MCX Futures $66.47
IBJA Spot $65.00

Quotestaxes/duties

Jun 19 Silver Vaults (ozt)​

PSLV
SLV
COMEX282K
SFE (closed for Dragon Boat Festival)

COMEX withdrawals are currently ~34.1% of Jun26 delivery requests
COMEX 5 DMA run rates

COMEX 6-17​

602K ozt (18.7t) in Asahi

320K ozt (10t) from MT&B

78K ozt (2.4t) moved from [R] to [E] in CNT

50K ozt (1.6t) moved from [E] to [R] in MT&B

COMEX Run Rates​

Remaining Vault Stock = 321.3M ozt (86.2M [R], 235.1M [E])

Net "withdraw" rate through last 5 days = 394K/day DEPOSIT (from 216K/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 = 2,409
Jun26 contract equivalent ozt = 12,045,000
Actual withdrawals in Jun ozt = 4,106,517.46

Jun withdrawals are currently ~34.1% of Jun26 delivery requests. See here for historical context.

COMEX Commentary​

Wednesday's 282K ozt net deposit grew the 5 DMA deposit rate significantly as a 610K ozt net withdrawal rolls out of the 5 DMA window.

SLV Share Lending​

7.7M Shares available

Borrow fee remains 0.43%

Interactive Brokers reports heavy activity yesterday with available shares dropping below 9M for the first time in ages. Looks like SLV borrowing has come back to life.

SLV Assets​

Blackrock:shares
JPM:ozt
ozt/shares ratio 0.904696 (=from 0.904696)

Was there no activity, or did Blackrock & JPM just not report it?

PSLV​

units
ozt
ozt/units ratio 0.34123

PSLV sleeping again.

SFE Run Rate​

Today is a market holiday (Dragon Boat Festival) for the SFE & SGE.

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Previous report: https://www.pmbug.com/threads/silver-market-260618.9040/