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Andy Schectman: JP Morgan Transfers 14 Mil Oz Of Silver From Eligible To Registered In Last 2 Days
#AndySchectman: #JPMorgan Transfers 14 Mil Oz Of #Silver From Eligible To Registered In Last 2 Days
The September silver delivery cycle begins in just a few days, and there's been a large chunk of silver on the move.
Over the past 2 days JP Morgan has transferred 14 million ounces of silver from eligible to registered, which leaves them with just under 14 million ounces left in their eligible category after factoring in what they're holding on behalf of the SLV ETF.
At the same time, there's also been a reduction in the amount of shares available to borrow in SLV. All of which Andy Schectman of Miles Franklin talks about on today's show.
Andy comments on the recent developments, the move higher in the silver price following the banks getting long silver, and some of the other news that's come out in the past few days.
So to stay up to date on the latest activity in the silver world, click to watch this video now!
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To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here:
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#silver
#silverprice
And remember to get outside and have some fun every once in a while!:)
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This video was sponsored by Blackrock Silver, and Arcadia Economics does receive compensation. For our full disclaimer go to:
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We do receive compensation from Miles Franklin from orders placed through our show. For our full disclaimer go to:
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