Central Banks Don’t Hold Silver, But there are Still Some Large Stock Piles of Silver In the World.
Three large silver stock piles hold about a year’s worth of silver mining production.
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Silver ETFs – 575 million ounces
As of May 1, 2017, SLV held 331,419,626.70 ounces of silver.
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COMEX Approved Warehouses – 197 million ounces
of which…
JP Morgan COMEX Warehouse
JP Morgan’s COMEX approved silver warehouse holds more than half of the silver eligible to trade on COMEX.
Shanghai Gold Exchange – 43.5 million Ounces
1355.49 tons =- approximately 43,580,016 ounces
The Shanghai Gold Exchange is becoming a large silver exchange too.
Silver ETFs 575 moz+ COMEX warehouses 197 moz + Shanghai Gold Exchange 44moz- 816 moz.
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