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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (60751)	6/14/2024 10:39:22 AM
From: bull_dozer	Respond to of 60899

To: bull_dozer who wrote (60751)	6/14/2024 9:01:32 PM
From: benwood	Respond to of 60899

If the silver short is 5 billion ounces, then physical in the vaults represents 0.45 percent of silver shorts. If 8 billion ounces short, decrease that to about 0.30 percent. Put another way, if all shorts closed, flip that and you'd need 223x more physical silver (to 356x). I assume that wouldn't really be necessary, as a lot of hedge funds would just blow up and go BK.

To: bull_dozer who wrote (60751)	6/16/2024 7:41:06 PM
From: bull_dozer	Read Replies (1) \| Respond to of 60899

Silver Liquidity on the Shanghai Futures Exchange May Soon Be Limited Leading to a Quantum Price Level Transition for Silver The SFE May Be the Last Source of Highly Liquid Vaulted Physical Silver for the Market In the 4 trading days to June 13, 2024, the SFE saw its silver vault holdings drop by 56 tonnes from 755 tonnes to 699 tonnes translating to a 7.4% decline. A continued weekly drop in SFE silver inventory tonnage of this scale going forward will soon alert the market to the rapid move to secure silver bars due to the continuing market deficit. At that point there is the potential for both disorderly market pricing and disorderly market delivery of silver as the parties who have sold leveraged claims on silver into the London spot market are revealed and price discovery flips over to a physical metal supply vs demand balance. As such, Western bullion banks may seek, or may currently be seeking, to secure further silver in Shanghai which can be used in swaps against London or NY silver for quick delivery to market. This may explain why the SGE highlights visits from these bullion banks noting they are seeking ‘cooperation’. If the SFE silver inventory is further drawn-down on pace, another source of silver will soon be needed - or the City of London’s promissory note cash market for silver will see interesting times. jensendavid.substack.com