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 $65.00Quotes
taxes/dutiesJun 19 Silver Vaults (ozt)
PSLV
SLV
COMEX
282KSFE (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&B78K 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:
sharesJPM:
oztozt/shares ratio 0.904696 (=from 0.904696)
Was there no activity, or did Blackrock & JPM just not report it?
PSLV
unitsoztozt/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/