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.