Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Another 1 Million Physical Ounces Of Silver Taken Out Of COMEX

|Includes: Sprott Physical Silver Trust (PSLV)

Another nice data point. I reported a while ago that 3.6 million troy ounces were taken out of COMEX.

Now, a month later we see another 1 million troy ounces taken out from Scotia Mocatta depository.

It is getting more and more interesting... why are they pulling out their physical silver I wonder (Chart 1).

Chart 1: Silver Stock COMEX

On the other hand, nothing special to report at the gold stock (Chart 2).

Chart 2: Gold Stock COMEX

Disclosure: I am long PSLV.