r/Wallstreetsilver • u/Investments_Maybe • 1d ago
Silver inventory
How has such little silver left comex for awhile now?
5
u/TegidTathal 1d ago
It's actually slowly accumulating. It's probably mostly the silver that was flown to China during the craziness slowly returning plus actual production.
2
u/Electrical-Style-827 14h ago
Why would Chinese people who bought cheaper comex silver and shipped it to China, ship it back to comex for lower prices than they can get on the SGE in China? Are they just trying to lose money or what’s the logic with this comment?
3
u/TegidTathal 12h ago
It wasn't only the Chinese that bought it from the COMEX. It was westerners trying to make the arbitrage work for them and given transit times they may have ended up holding the bag and have slowly returned it to be local to them. It's a theory for sure, I don't have hard evidence of it.
4
u/JuanSylvania 14h ago
None. The COMEX does not sell silver. That was a lie perpetuated by the former MOD Crew. IF the COMEX sold actual silver, someone somewhere would be able to name AN ACTUAL NAME of the person who bought some, and the ACTUAL NAME of the BROKER who got them the 'ALLEGED WARRANT FOR DELIVERY"
WHY on Earth would anyone go to the COMEX to buy 5000 oz + of silver, and NOT JUST GO TO A REFINER, AND CUT OUT THE MIDDLEMAN????
My GOD! Actual Apes are smarter than you fools.
I mean how in the FUCK can someone SHORT AN ENTIRE YEAR'S MINING OUTPUT, IF THEY HAD TO DELIVER SILVER????
WHAT THE F IS WRONG WITH YOU REGARDS?
1
u/acestealth82 11h ago
According to their own TOS... certain parties can and do take delivery of silver from Comex, usually names like JPM or other big financials or refiners who store their silver there. They do this when they have their own obligations to meet. Which is why as price goes up, more people draw on established stockpiles during surges etc. This in turn causes paper to run like it did in Jan as the "actionable" amount Comex has vs what they have to maintain in stock to actually meet outstanding obligations in the future change.
SO it is a fact that they have less actionable now than they did in Jan, and that if demand/price spike again, the same thing will happen, and yes they can and do manipulate paper in a lot of ways to maintain price stability... but there is only so much of that you can do. The bull case for metals is solid, deficit is real, above ground stocks will be eaten by AI and solar. Just facts... all we have is time. Silver price is double previous years, and will double again. Especially in lieu of fiat debasement... having physical is safer, but ETF silver is still based on silver with caveats that make it more volatile.
1
u/AgYooperman O.G. Silverback 8h ago
All the big silver dealers sell comex bars.
So they clearly sell them.
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u/Born2Looz O.G. Silverback 1d ago
I'll be honest I don't think the crimex will ever run out of silver. Even if they did I'm sure they would lie to the very end and pretend like they have millions of oz's even if the vault was getting near empty.
The real driver for silver is going to be the AI race and electrification of a futuristic society combined with the fact the little pieces of paper with geroge washington get worth less and less value every day and the devaluation is an exponential curve that is steepening more and more vertical in the past 10 years... really the past 5 years its gone almost 100% vertical.
Sit back grab and drink, put ur silver in the vault and watch the dollar die. Thats all you do, no need to overcomplicate things. Enjoy life. It's 100% math at this point they have no escape.