We have 4 silver inventory movements to report from Friday's trading, including an adjustment out of REGISTERED vaults by HSBC!
As its been awhile since we have discussed the importance and relevance of the COMEX silver inventory supplies, as well as the difference between registered and eligible categories at the COMEX, new readers (and those just needing a refresher) can review The Doc's overview of the difference between registered and eligible COMEX inventory here.
COMEX WAREHOUSE SILVER INVENTORY UPDATE 11/7/11
*Brink's and JP Morgan had No Changes
*The Delaware Depository received a deposit of 17,568 ounces into eligible vaults
*Delaware also had a withdrawal of 1,083 ounces out of eligible vaults
*HSBC adjusted 4,726 ounces out of registered vaults, and into eligible vaults
*Scotia Mocatta had a withdrawal of 1,124 ounces out of eligible vaults
*TOTAL COMEX REGISTERED Silver Inventories declined by 4,726 ounces to 31,158,277 ounces
*TOTAL COMEX ELIGIBLE Silver Inventories increased to 77,223,231 ounces
*TOTAL COMEX Silver Inventories increased to 108,381,508 ounces
