Rafi Farber: COMEX Registered Silver Falls To 28 Million Ounces

The big news in the silver space this week was that there was another large withdrawal from the COMEX-registered silver supply, bringing the registered category down to 28 million ounces.

There’s been a steady drop in that inventory ever since the silver squeeze of 2021 (along with a drop in the LBMA vault supply, and now Shanghai’s as well), and one can only wonder at what point there begins to become some concern in the broader investment community. As the Silver Institute reported that there was a 237 million ounce deficit in the market last year, which was likely funded in part by the decline in the warehouse stockpiles, and leaves the open question of where the silver is going to come from.

Rafi looks at these developments, as well as the debt ceiling agreement and more, in this week’s silver report. So to find out more, click to watch the video now!