🚨 The silver vaults in Shanghai Gold Exchange (SGE) falling below 500 metric tons!
The fresh numbers from SGE today shows their vault falling 11 metric tons last week, down to a record-low of 494 metric tons.
I believe they do everything they can to increase the amount of silver in the vaults, but that they have huge challenges to keep up with demand.
The record low levels + high demand, and the high premium over the LBMA benchmark price, proves that there is still a hot market for physical silver in China.
What we saw on Friday was a 25% paper-slam of the silver price. Those who claim the demand for physical silver has cooled off are simply liars / market manipulators.
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