After a quiet day on Monday, we have massive inventory volatility to report from today's COMEX Warehouse silver inventory movements.
COMEX WAREHOUSE SILVER INVENTORY UPDATE 10/5/11
*Brink's had a massive withdrawal of 690,091 ounces out of eligible vaults
*Brink's also had a large deposit of 300,424 ounces into eligible vaults
*The Delaware Depository had a withdrawal of 7,068 ounces out of eligible vaults
*HSBC had a withdrawal of 1,976 ounces out of eligible vaults
*No Changes for JP Morgan (as usual)
*Scotia Mocatta received a deposit of 300,268 ounces into eligible vaults
*TOTAL REGISTERED COMEX Silver Inventories were unchanged at 31,091,098 ounces
*TOTAL ELIGIBLE COMEX Silver Inventories declined a net 98,443 ounces to 76,493,667.
*TOTAL COMEX WAREHOUSE SILVER Inventories declined to 107,584,765 ounces