https://www.youtube.com/watch?v=uG4sjFnX6YQ

As you can see, there aren’t that much more physical silver investment stocks (bullion) in the world versus gold. Furthermore, look just how tiny the value of the global silver investment stocks are compared to gold… about 70/1. When the investors of the world finally get PRECIOUS METALS RELIGION, we are going to find out just how tiny the silver market has been.

As the bank explains, similar to gold investors have raised their exposure to the white metal over concerns about the current economic policy. Yet, with silver more exposed to industrial demand, these purchases did not matter during the lockdowns, with the gold:silver ratio peaking at 124, and still a ways away from its long-term average of 59x.

While there is a lot of volatility in the silver price during early U.S. trading, where it closes today will likely set the trend for next month. For silver to remain in a bullish trend, it was necessary to hold a key support level during Asian trading last night and in the U.S. markets today. So, far… that is what taking place.

Traders on the main gold futures exchange in New York have issued the largest daily delivery notice on record. In the latest sign of how the market’s norms have been upended by the price disconnect that struck in March, traders on Thursday declared their intent to deliver 3.27 million ounces of gold against the August Comex contract, the largest daily notice in bourse data going back to 1994.