Silver continues to flow out of the Shanghai Futures Exchange (SHFE) and the COMEX. Some key facts include:
- Since March a total of 14.5 million ounces of silver were removed from the COMEX and SHFE.
- The SHFE silver warehouse stocks are down 70% from their peak 1 year ago.
Just look at the charts…
We can see the COMEX actually added silver during the second half of 2013 the chart for the SHFE is far more depressing.
The question I have is where is all this silver going? Are the average investors around the world accumulating or is it the big players getting ready for something big?