There seems to be an interesting trend taking place in the silver warehouse stocks at the Shanghai Futures Exchange over the past two months. From May of 2012, when the Exchange started trading silver futures, until the beginning of 2013, silver warehouse stocks grew from virtually nothing to nearly 1,000 metric tonnes.
On January 4, 2013, the Shanghai Futures Exchange had a total of 972 metric tonnes in their warehouses. Even though the warehouse stocks fluctuated during the first four months of 2013, the Exchange reached a total of 1,121 metric tonnes of silver on April 12:
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