by Steve St. Angelo, SRSRoccoReport:
There have been some interesting movements of silver at the Shanghai and Comex warehouses in the past several months. Keeping pace with its downward trend, silver continues to be drained out of Shanghai Futures Exchange ever since the April 12th price take-down.
Here we can see that on April 12th, the Shanghai Exchange held a total of 1,123 tonnes of silver in its warehouses:
In an update that I put out on July 9th, the Shanghai silver stocks had declined a whopping 45% in less than three months: