COMEX Silver Vault Inventories Continue to be Depleted
SD Bullion
English - October 10, 2022 13:52 - 7 minutes - 14.4 MB - ★★★★★ - 12 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Next Episode: Chart: It Hasn’t Been This Bad in 100 Years
Last week began with a big rally in the daily silver prices, up nearly +9% this past Monday alone.
You have to look back to late 2008 silver price action, as the first round of quantitative easing began by the fiat Federal Reserve to see a one-day positive percentage move of similar size.
In our update this week, we will update a few key silver market inventory points after we show a clip of how CNBC in India covered this positive silver price action late last week.
Silver in fiat rupee terms is not far from its all-time nominal record high. The same can be said about gold in fiat rupee terms in India.