SHANGHAI SILVER STOCKS PLUMMET: More Signs Of A Global Run On Silver?
There seems to be more evidence indicating the beginning stages of a global run on silver. How so? Well, ever since the middle of June, something significantly changed in the silver market. Physical silver investment demand skyrocketed. Why June? This was at the time Greece was voting on whether or not to remain in the European Union.
Since the middle of June, investment demand for silver has increased considerably. Matter-a-fact, the U.S. Mint suspended sales of the Silver Eagle for two weeks starting on July 12th. When Silver Eagle sales resumed on July 27th, over 2.5 million were sold over the next two days.
Furthermore, the Royal Canadian Mint has put its Gold and Silver Maple Leaf sales on allocation to its Authorized Participants. In addition, India has imported a record 3,824 metric tons (mt) in the first six months of the year. This is up 35% compared to the same time last year. And according to the BankBazzar.com July 28th press release:
CONTINUE READING.....