Drop of 1 million physical ounces of silver COMEX

Another nice data point. I reported a while ago that 3.6 million troy ounces were taken out of COMEX.

Now, a month later we see another 1 million troy ounces taken out from Scotia Mocatta depository.





It is getting more and more interesting... why are they pulling out their physical silver I wonder (Chart 1).






Chart 1: Silver Stock COMEX

On the other hand, nothing special to report at the gold stock (Chart 2).







Chart 2: Gold Stock COMEX



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