Historic Low In CRIMEX Silver Registered Inventory

We have hit new lows in the Registered CRIMEX Silver inventory at 28.7 million. We are also nearing sub-100 million in total inventory. Registered inventory is what is available for immediate delivery against the billions of paper contracts that are traded. Eligible COULD be available, but it is off the market presumably for either future use or higher prices. We were are down 13 million ounces in less than 6 weeks. This huge drop is in light of the huge smack down in the paper market. This could signify that paper traders are not going to trade in this market any more and only take physical delivery. At this pace, July could be the mythical CRIMEX default. We are only 3 weeks away from the first delivery day for July. I expect that we should see some strong movements in silver as July nears.

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