Tuesday, August 23, 2011

COMEX Silver Inventory Update- JP Morgan Adjusts Silver into Registered Vaults for FIRST TIME

The vampire has stirred at The Morgue!
JP Morgan adjusted 19,003 ounces of silver from their eligible vaults into their registered closet..ahem...vault on Monday. 
JPM's total registered silver holdings increased to....19,003 ounces. 
That's right, JPM is recorded to have deposited physical silver into a registered (deliverable) vault on Monday for the first time ever!


*Brink's received a small deposit of 970 ounces into eligible vaults
*Brink's also had a withdrawal of 95,625 ounces out of eligible vaults

*The Delaware Depository
received a deposit of 15,332 ounces into eligible vaults

*HSBC had a large withdrawal of 154,980 ounces out of eligible vaults

adjusted 19,003 ounces out of eligible vaults and into registered vaults!
This marks the first time that JPM has ever been recorded as holding physical silver in a registered vault!

*Scotia Mocotta had a withdrawal of 52,308 ounces out of eligible vaults
*Scotia Mocotta also adjusted 68,959 ounces out of eligible vaults.  Not into registered vaults, just adjusted out. 
Maybe Blythe was paid in advance for today's silver smackdown, who knows.

*TOTAL REGISTERED COMEX SILVER Inventories increased by JPM's 19,003 ounces to 32,756,570 ounces
*TOTAL ELIGIBLE COMEX SILVER Inventories decreased a net 374,573 ounces to 73,159,576 ounces
*TOTAL COMEX SILVER INVENTORY declined to 105,916,146 ounces.