John Kim: Bullion Banks Hemorrhaging Silver on Comex

by Chris Powell

Dear Friend of GATA and Gold:

Financial analyst John Kim reports today that in the first nine days of April bullion banks have been called on to deliver a vastly greater than usual amount of silver against futures contracts sold on the New York Commodities Exchange.

Kim writes: “A few consecutive months at this pace will likely place extreme stress on the ability of Comex to back their silver futures trading with real physical silver, especially since two of the leading silver producers, Ecuador and Peru, ordered nationwide suspensions of all silver production recently in response to the coronavirus pandemic.”

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