Posted by Francis Koh on 11 Apr 2014

Large Decline Of Shanghai & Comex Silver Stocks

However, for the past month, a substantial amount of silver was removed from both warehouses.

In the chart below, we can see that total silver inventories at the Comex grew from 160 million ounces in September of 2013, to 183.3 million ounces on March 11th.  This was a 23 million oz build in seven months.

Comex silver Total Stocks March 10 2014

In just one month after the Comex inventories peaked (March 11th), 6.1 million oz of silver were withdrawn.  This is the largest one month decline in over a year.

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