Silver Stocks Dwindle At COMEX, LBMA| MENAFN.COM

Tuesday, 27 September 2022 07:01 GMT

Silver Stocks Dwindle At COMEX, LBMA


(MENAFN- Investor Brand Network)

Silver stocks at the London Bullion Market Association  haven't been in the best shape for the past free months. Considered the largest silver exchange on the globe, the London Bullion Market Association held more than 1.1 billion ounces of silver in its vaults as of November 2021. However, the silver holdings in the exchange's vaults have steadily gone down since then, with the past nine months seeing a consistent decline in the metal's stocks. In figures, silver inventories in the exchange's vaults have decreased by 21.7% since November.

Data shows that about two weeks ago, fift15een entities owned a combined 592.8 million ounces of the metal in the vaults. This means that only about 325 million ounces of silver are available to other parties. This is quite a decrease, more than 100 million ounces' worth, especially in comparison to the…

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