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Wednesday, August 07, 2013

Comex Silver Inventories: Is JPMorgan Accumulating Large Amounts Of Silver?

http://seekingalpha.com/article/1607122-comex-silver-inventories-is-jpmorgan-accumulating-large-amounts-of-silver

We have covered the rapidly declining Comex gold inventories in previous articles and we have mostly ignored Comex silver because the action there has been relatively calm - unlike in the Comex gold market.
But some strange things are now occurring in the Comex silver warehouses. Comex silver is now starting to be drawn down, and it seems that someone is buying a lot of silver and moving it to the JPMorgan Chase (JPM) warehouses.
These are very interesting developments and should be very relevant to investors who own physical silver and the silver ETFs (SLV, PSLV, and CEF) because any abnormal activity may signify extraordinary events behind the scenes that would ultimately affect the silver price.

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