SLV Has Lost Almost 60 Million Ounces of Silver Since 4/25/2011
I wonder if the Comex would be defaulted by now had it not been for the supplies drained from the SLV. I also wonder if this silver was really there in the first place. At this rate, SLV has lost 1 million oz. on average each day including weekends and holidays. It stands at 306 Million assuming all is physical silver. If this pace keeps up, SLV will be drained of its silver by July, 2012. If there's no silver shortage, these numbers should be increasing or at least stabilizing.