Tuesday, August 30, 2011

COMEX Silver Inventory Update 8/30/2011

Three large silver inventory movements to report from Monday's COMEX warehouse action, all in the eligible category.


*Brink's had a large withdrawal of 584,750 ounces out of eligible vaults

*No Changes for Delaware Depository, JP Morgan, or HSBC

*Scotia Mocotta received a large deposit of 596,377 ounces into eligible vaults
*Scotia Mocotta also had a withdrawal of 41,008 ounces out of eligible vaults

*TOTAL REGISTERED COMEX Silver remained unchanged at 32,146,141 ounces
*TOTAL ELIGIBLE COMEX Silver declined a net 29,381 ounces to 74,745,273 ounces
*TOTAL COMEX Silver Inventories declined to 104,891,414 ounces.

Again, for those new to the silver/gold market wondering about the difference between eligible and registered categories, please see The Doc's explanation here.