from SRS Rocco:
Something interesting is taking place on the Shanghai Futures Exchange as silver warehouse stocks fell to their lowest level on record. In March of 2013, the Shanghai Futures Exchange held 1,143 metric tons of silver in its warehouses.
If we take a look at the chart below, we can see that after the precious metal take-down on April 12th, 2013… silver stocks continued to be drained from the Shanghai Futures Exchange.
In just seven months, total silver inventories declined from a peak of 1,143 metric tons to 391 (mt) metric tons in November that year. Even though silver stocks continued to decline in 2014… withdrawals were small.
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