Coverage in silver is far weaker than gold with 17.4 paper contracts for each ounce of Registered silver. If Open Interest was still at Pre-Covid levels, the ratio of paper to physical would be 30.32!

Figure: 7 Gold Pledged Holdings Historical Perspective Zooming out and looking at the inventory for gold and silver since 2016 shows the impact that Covid had on the Comex vaults.

Based on the fractals on the chart, we could still have about two years before we could get a top like we had in 1980. That is 14 years after the Dow/Gold ratio top (beginning of 1966 to the ...

See on the daily bar chart for December silver futures that prices are trending higher and have just seen a bullish upside technical breakout from a choppy and sideways trading range at higher levels, ...

That means SLV’s inventory has fallen by 5.6% in two weeks, which is counterintuitive given what has happened to silver prices in that time period.

First Majestic Silver weekly price chart. stockcharts.com It's hard to miss the break above the downtrend line that connects the high price of 19 back in 2016 with the early 2019 previous peak of ...