Silver Market 260627

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Jun 27 Silver Vaults (ozt)​


PSLV🚫💤
SLV🔻1.4M👀
COMEX🔻2K🤣🤣🤣

COMEX withdrawals remain ~31.9% of Jun26 delivery requests
COMEX 5 DMA run rates🚫
SFE 5 DMA run rate 166d (as of Jun26)🔥
SGE 5 WMA run rate 🚫 (as of Jun 19)

COMEX 6-25​


🔼1K ozt (0.03t) in Delaware

🔻3K ozt (0.09t) from Delaware

70K ozt (2.2t) moved from [E] to [R] in Delaware

22 ozt (0.0007t) adjusted out of existence in JPM

COMEX Run Rates​


Remaining Vault Stock = 323.4M ozt (87.1M [R], 236.3M [E])

Net "withdraw" rate through last 5 days = 416K/day DEPOSIT (🔻from 472K/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 = 2,592
Jun26 contract equivalent ozt = 12,960,000
Actual withdrawals in Jun ozt = 4,139,524.96

Jun withdrawals are currently ~31.9% of Jun26 delivery requests. See here for historical context.

COMEX Commentary​


Thursday's 2K ozt net withdrawal shrunk the 5 DMA deposit rate as a 282K ozt net deposit rolls out of the 5 DMA window.

Apparently Delaware Depository was the only COMEX vault working last Thursday.

SLV Share Lending​


9.1M Shares available

Borrow fee rises from 0.40% to 0.47%

Interactive Brokers reports heavy activity yesterday and a bit this morning.

SLV Assets​


Blackrock:🔻1.55M shares
JPM:🔻1.4M ozt (43.6t)
ozt/shares ratio 0.904697 (🔼from 0.904695)

SLV vault stock continued making large swings yesterday, but ends the week with a 272K net inflow. London vault stock now at 401.4M ozt.

PSLV​


🚫units
🚫ozt
ozt/units ratio 0.34123

PSLV sleeping again. 💤

~~~

Previous report: https://www.pmbug.com/threads/silver-market-260626.9061/
 
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