Harvey Organ’s Daily Gold & Silver Report – 2016.03.22

Bomb blast in Brussels terrifies Europe/Huge addition of 1.898 million oz of silver into the SLV

by Harvey Organ
Harvey Organ’s Blog

[…] Let us have a look at the data for today.

At the gold comex today, we had a good delivery day, registering 61 notices for 6100 ounces and for silver we had 65 notices for 325,000 oz for the active March delivery month.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 212.48 tonnes for a loss of 90 tonnes over that period.

In silver, the open interest rose by 487 contracts up to 177,016 despite the fact that the silver price was up by 3 cents with respect to yesterday’s trading . In ounces, the OI is still represented by .885 billion oz or 127% of annual global silver production (ex Russia ex China).

In silver we had 65 notices served upon for 325,000 oz.

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