LBMA Silver Inventories fall to a near 6 Year Low

[JohanB]

Ronan Manly:

https://www.bullionstar.com/blogs/ronan-manly/lbma-silver-inventories-fall-to-a-near-6-year-low-below-1-billion-ounces/

" Quietly, and almost under the radar, the quantity of silver held in the LBMA vaults has been consistently hemorrhaging for 7 straight months now. Latest data from the LBMA as of the end of June 2022 shows that the LBMA vaults now hold only 997.4 million ozs of silver (31,023 tonnes). 

Compared to the end of June 2021 when LBMA silver inventories stood at 1.18 billion ozs (36,706 tonnes), the LBMA vaults' June 2022 month-end silver inventories are now 182.7 million ozs (5,683 tonnes) lower than a year ago, in other words a whopping 15.48% lower compared to June 2021."
.....
" Renewed strength in the #SilverSqueeze movement with a momentum in taking physical silver off the market would undoubtedly be a real headache again for the bullion banking cartel. For this reason the bullion bank paper traders are continually motivated to paint the tape and bring down the paper trading generated silver price, while not allowing it to break out to new multi year highs above $30."

[JohanB]

London Silver Inventories Continue to Plummet as Metal Exits LBMA Vaults

https://www.bullionstar.com/blogs/ronan-manly/london-silver-inventories-continue-to-plummet-as-metal-exits-lbma-vaults/

" There is an unprecedented situation emerging in London, where the relentless hemorrhaging of one of the world's largest stockpiles of silver is now well and truly under way.

For the last 9 months, this stockpile of silver, held in the LBMA vaults in London, has been consistently falling each and very month, and has now reached an all time low (since vault holdings records began in July 2016).

These vaults comprise the precious metals storage facilities in and around London run by the bullion banks JP Morgan, HSBC and ICBC Standard Bank, as well as the London vaults of three security operators, namely Brinks, Malca-Amit and Loomis. Since the system of vaults is administered and coordinated by the London Bullion Market Association (LBMA), these vaults are collectively known as the 'LBMA vaults'."
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