Last week Ronan Manly of BullionStar.com reported on a recently opened Asahi gold and silver vault that was added to the COMEX’s approved vault list (https://www.bullionstar.us/blogs/ronan-manly/asahi-vault-30-miles-outside-nyc-added-to-comex-approved-vault-list/). And in this week’s SilverFix report from Vince Lanci, Vince talks about the new storage location, and how it’s a continuation of pricing power moving from west to east.
As Vince mentions in this report, it’s not a move that will have an immediate impact on the price of silver but rather is emblematic of how demand is shifting east, which is beginning to shift the supply east as well.
Vince also comments on one of the larger industrial projects that required a large allocation of silver, as well as some of the silver technicals in place to start off the trading week.
So to stay up to date with the latest silver market developments, click to watch this video now!