Thursday, June 9, 2011

US Mint Silver Eagle Sales for First 5 Months of 2011 Nearing Total Remaining COMEX Silver Supply

It appears that all silver traders were observing the holy day sabbath of Shavuot (Pentecost) yesterday, as not a single real ounce of silver changed hands on 6/8. 
Religious theories aside, everyone played the paper silver game yesterday, no movements in anything physical and silver.  This means that registered COMEX silver supplies remains at 28,697,092 ounces.
Again, as a comparison, TOTAL REGISTERED COMEX supplies are nearing US Mint Silver Eagle sales to the public for the first 5 months of 2011!!

2011 Silver Sales Totals (in ounces / number of coins)
Month One
( oz. / #coins )
January 6,422,000
6,422,000
February 3,240,000
3,240,000
March 2,767,000
2,767,000
April 2,819,000
2,819,000
May 3,653,500
3,653,500
June 842,000
842,000
Total 19,743,500
19,743,500



COMMODITY EXCHANGE, INC.

METAL DEPOSITORY STATISTICS
SILVER                                                 Report Date: 6/9/2011
Troy Ounce                                            Activity Date: 6/8/2011

DEPOSITORY   PREV TOTAL     RECEIVED     WITHDRAWN     NET CHANGE     ADJUST       TODAY


BRINK'S, INC.
Registered              12,201,719              0                           0                             0                      0                 12,201,719
Eligible                    12,262,251              0                           0                             0                      0                 12,262,251
Total                        24,463,970               0                           0                             0                      0                 24,463,970


SCOTIA MOCATTA
Registered                4,691,797              0                           0                             0                      0                    4,691,797
Eligible                     16,323,991             0                           0                             0                      0                   16,323,991
Total                         21,015,788              0                           0                             0                      0                   21,015,788


HSBC BANK, USA
Registered                  6,862,225            0                           0                             0                      0                      6,862,225
Eligible                      26,433,677            0                           0                             0                      0                    26,433,677
Total                          33,295,902             0                           0                             0                      0                    33,295,902


DELAWARE DEPOSITORY
Registered                   4,941,351           0                           0                              0                      0                      4,941,351
Eligible                       16,546,912           0                           0                              0                      0                    16,546,912
Total                            21,488,263          0                           0                              0                      0                    21,488,263


JP MORGAN CHASE BANK NA
Registered                                 0           0                            0                              0                      0                                  0
Eligible                             750,761          0                            0                              0                      0                        750,761
Total                                 750,761          0                            0                              0                      0                        750,761


TOTAL REGISTERED  28,697,092      0                            0                               0                     0                   28,697,092
TOTAL ELIGIBLE         72,317,592      0                            0                               0                     0                   72,317,592
COMBINED TOTAL   101,014,684      0                            0                               0                     0                 101,014,684