Silver in 'COMEX Registered' Up To 36.8 Million Ounces

December 30, 2022

 

As we are now only 1 trading day away from the end of 2022, we take a look at the latest figures in the COMEX registered silver category, and also review the other themes that dominated the silver market in 2022.

The amount of silver in the COMEX registered category continued what's now almost a 2 year decline in inventory, that began in February of 2021 during the silver squeeze , and has continued ever since. Of additional significance is that the LBMA vault holdings have experienced a similar trend, as countries like India and Turkey have set record silver import figures.

Which perhaps comes as little surprise, as we've seen a lot of countries turn to gold amidst the economic and currency chaos of the past year, and despite the larger than normal gold to silver ratio, the interest in silver continues to grow as well.

In the end, after a vicious selloff earlier in the year, silver is likely to finish 2022 in positive territory, which would have seemed far fetched as recently as October, when the price was back near the lows of the year at $18.

So to recap the major themes in the silver market in 2022, click to watch this video now!

Arcadia Economics

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The symbol for silver ‘AG’ comes from the Latin word ‘agentum’ meaning silver.

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