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Trading Insight_News
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$XAG "Whale" Attacks the Treasury, 3 Million Ounces "Swallowed Up" from COMEX in a Single Day
The latest warehousing data from COMEX reveals a large scale "raid" on physical Silver reserves, despite price fluctuations on the exchange.
{future}(XAGUSDT)
🔸 This past Tuesday, a net total of 3,066,617 ounces of Silver were withdrawn from COMEX vaults. This is a massive number for daily trading volume.
🔸 Asahi was the focal point of this withdrawal, with 1.88 million ounces removed from its vault. Additionally, 610,906 ounces were transferred out of "Registered" status. HSBC saw a withdrawal of 902,103 ounces. Jpmorgan had 282,576 ounces withdrawn, and 318,075 ounces were transferred out of Registered status.
🔸 Following this massive withdrawal wave, the total silver inventory at COMEX has decreased to 400,790,910 ounces. The continuous large capital outflow of physical silver from the exchange is a clear sign of urgent real world demand for stockpiling.
Over 3 million ounces "disappeared" within 24 hours. In your opinion, is this an accumulation action by industrial producers or billionaires quietly hoarding as an inflation hedge?
News is for reference, not investment advice. Please read carefully before making a decision.
The latest warehousing data from COMEX reveals a large scale "raid" on physical Silver reserves, despite price fluctuations on the exchange.
{future}(XAGUSDT)
🔸 This past Tuesday, a net total of 3,066,617 ounces of Silver were withdrawn from COMEX vaults. This is a massive number for daily trading volume.
🔸 Asahi was the focal point of this withdrawal, with 1.88 million ounces removed from its vault. Additionally, 610,906 ounces were transferred out of "Registered" status. HSBC saw a withdrawal of 902,103 ounces. Jpmorgan had 282,576 ounces withdrawn, and 318,075 ounces were transferred out of Registered status.
🔸 Following this massive withdrawal wave, the total silver inventory at COMEX has decreased to 400,790,910 ounces. The continuous large capital outflow of physical silver from the exchange is a clear sign of urgent real world demand for stockpiling.
Over 3 million ounces "disappeared" within 24 hours. In your opinion, is this an accumulation action by industrial producers or billionaires quietly hoarding as an inflation hedge?
News is for reference, not investment advice. Please read carefully before making a decision.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.