Shanghai Vaults Bleed to 8 year Low. Vaults Sink to Level India Could Wipe out in ONE MONTH.
China Gold Exchange back open today.
Silver vault bleed continues at a fierce and intense rate
Draining to vaults to a 8 1/2 year low to 722 tons or 23.2 m ounces.
23 Million ounces relative to 550 million ounces (mined per year) is a very critically low number.
Keep in mind India India imported 2,932 tons in Q1 2024 so using this as a benchmark, India could wipe out the inventory in 1 month.
Now keep in mind that there have been NO SIGNIFICANT SILVER DISCOVERIES ON THE PLANET.
Recommendations
Accumulate Physical Silver in 1 ounce rounds and 10 ounce bars.
Obtain leverage to Silver in these 4 Silver miners:
Andean Precious Metals
Dolly Varden Silver
Kuya Silver
Outcrop SilverKeep an eye on the spread between the SGE (which is a physical only market) and COMEX (which is a paper only market) This spread is the Arbitrage that is moving all Metals from West to East.
Buy and Hold (don’t let the Western Media and Banksters) shake your hands loose.