JPMorgan's COMEX Silver Stash: Another New Record High

But -- and as it has been all week, it was another very busy one in silver, as 3,076,034 troy ounces were received -- and 629,957 troy ounces was shipped out.

In the 'in' category, the largest amount received...1,485,900 troy ounces...ended up at JPMorgan -- and that's another new record high for them, as they now hold 171.10 million troy ounces in their COMEX depository, a hair under 49 percent of all the silver on the COMEX.  Next was Canada's Scotiabank, as they received 984,567 troy ounces -- and they were followed by the one truckload...605,567 troy ounces...that was dropped off at Brink's, Inc.  In the 'out' category, the largest amount by far...605,567 troy ounces...was shipped out of Manfra, Tordella & Brookes, Inc. -- and that's most certainly the amount that was reported received at Brink's, Inc. There were smaller amounts moved at three other depositories...16,423 troy ounces at CNT...5,029 troy ounces at Loomis International -- and 2,938 troy ounces at Delaware.

There was also some paper activity, as 497,602 troy ounces was transferred from the Eligible category and into Registered...no doubt destined for delivery this month sometime...492,697 troy ounces at JPMorgan, with the remaining 4,904 troy ounces being transferred in that direction over at CNT.  The link to all this silver-related activity is here.

Here's the chart showing JPMorgan's total COMEX warehouse inventory, updated with Thursday's big deposit.  Click to enlarge.

 

 As Ted Butler said on the phone yesterday...anyone who doubts that JPMorgan is the big kahuna in all things silver [and gold] related, needs to get their head read -- and I agreed.

There was a bit of activity over at the COMEX-approved gold kilobar depositories in Hong Kong on their Thursday.  They reported receiving 10 of them -- and shipped out 315.  And except for 15 kilobars shipped out of Loomis International, the rest of the in/out activity occurred at Brink's, Inc.  The link to that, in troy ounces, is here.

https://silverseek.com/article/jpmorgans-comex-silver-stash-another-new-record-high