- Shanghai Silver Stocks Fall Nearly 50% Since April !
Ever since the take-down of the price of silver in April, silver warehouse stocks have been declining in a large way at the Shanghai Futures Exchange. At the peak on April 12th, the Shanghai Futures Exchange held 1,124 tonnes of silver at its warehouses. However, just six weeks later, 360 tonnes or 32% were removed.
In less than 3 months, a total of 511 tonnes (45%) of silver have been removed from the Shanghai Futures exchange. This is almost half of all the silver stored at the exchange.