The Phaserl


Silver Continues To Drain From The Shanghai Futures Exchange

by Steven St. Angelo, SRS Rocco:

In the past week, the Shanghai Futures Exchange suffered another large withdrawal of silver from its warehouse stocks.  Actually, this is the lowest level of silver inventories since the exchange started building its silver stocks in August, 2012.

In my article, Large Decline Of Shanghai & Comex Silver Stocks, I reported that inventories at both exchanges fell significantly since the beginning of March.  According to the most recent data, the Shanghai Futures Exchange had another 41 metric tons (1.3 million oz) of silver withdrawn as well as a million oz removed from the Comex since April 10th.

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