The volatility in the CRIMEX silver warehouses continued Monday, with several large silver movements.
Registered silver inventories declined by 286,964 ounces for the day down to 28,090,727.
Registered silver continues to bleed from the COMEX, with registered supplies only occasionally increasing due to "adjustments" from eligible supplies. We can't remember the last time we saw real, new physical metal deposited into registered (deliverable) vaults.
COMEX Silver Inventory Warehouse Summary for 6/27/2011
*Brink's had a large withdrawal from registered vaults of 158,968 ounces
*Brink's had several movements in and out of eligible vaults with a Net Gain of 222,924 ounces
*HSBS adjusted 127,996 ounces out of registered supplies over to eligible.
*Total Registered Silver supplies declined 286,964 ounces for the day down to 28,090,727.
*Total Eligible Silver supplies increased to 70,915,925
*Total COMEX Silver Supplies increased very slightly to 99,006,652 ounces.
As silver's July delivery month begins, things should only get more exciting from here over the next few weeks.
