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Amount of Silver To Cover COMEX Short Positions is Nearly a Half a Year of Global Silver Mining Production

According to the following chart, the number of days of global silver production required to cover the aggregate silver short positions of the eight largest traders on COMEX is 160 days, or nearly a half a year's production! The chart shows that the other precious metals (gold, platinum and palladium) have similarly large open short positions.

The largest traders of gold and silver bullion are the bullion banks - Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorganChase, Merrill Lynch/Bank of America, Mitsui, Societe Generale, Bank of Nova Scotia and UBS.

http://smaulgld.com/amount-silver-cover-short-positions-nearly-half-year-mining-production/