Banks still long silver as the price hovers above $19

Banks still long #silver as the price hovers above $19

While the #COMEX spot price for silver is still hovering around the $19 level, one of the most encouraging signs that we may have reached a bottom, if not the base for a rally, is that the bullion banks remain significantly long the contracts.

Perhaps it's not a coincidence that the banks are long silver at the same time there's been a steady flow of physical buying. And in today's show we dig into their position on the COMEX, as well as the latest metals flows and silver data points.

This episode also digs into some of the other economic trends and developments that might offer insight as to why both of these conditions are occurring. As despite proclamations from government officials that the economy is rip-roaring along, there's plenty to suggest that's not quite the case.

So to find out more about the latest silver and economic developments, click to watch this episode now!

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To find out more about First Majestic Silver's record third quarter production report go to:
https://firstmajestic.com/investors/news-releases/first-majestic-produces-a-new-record-of-88-million-ageq-ounces-in-the-third-quarter-consisting-of-27-million-silver-ounces-and-67072-gold-ounces

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https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver

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