Posted on 06/08/2025 8:59:55 AM PDT by delta7
In comex silver trading this week 684 new contracts (3.4 million oz) were written and 704 delivery notices were issued. News flash: NONE of those delivery notices were from the HSBC “customer” account that I have been calling out for more than a year.
This HSBC account issued 94 delivery notices (470,000 oz) on first notice day for the May contract (May 29). Since then they have not sold any silver. This is far below the average 5.5 million oz per month they have issued over the prior 18 contracts.
This HSBC account has sold over 100 million oz of physical at comex since December 2023. That metal has accounted for nearly a quarter (23%) of all physical silver sold at comex during that span. In some months HSBC’s metal accounted for more than half of all physical silver transactions.
Since a good portion of the total delivered silver is just bankers flipping metal back and forth to each other, the real impact of this HSBC account is much more than a quarter of the market. If bankers flipping metal account for half of comex deliveries, then this HSBC metal would account for about half of the non-flip transactions.
Based on my tracking, all of the metal sold by HSBC was brought to comex from outside the comex system. And all of that metal was brought in via 2 vaults … Asahi’s vault (79 million oz) and MTB’s vault (22.6 million oz). Furthermore the Asahi vault appears to have been set up solely for this HSBC account taking its first deposit in mid 2023. That is an indication of the depth of planning by this HSBC account.
After observing this surge in trading by an account called Hong Kong Shanghai Bank Corp, in May 2024 I advanced an idea I called “The Differential Lag Theory”. Basically, I suggested that an account was accumulating silver at non-price setting venues and dumping silver at the price setting venue (comex) in an effort to accumulate silver at a depressed price.
Is HSBC depressing comex price while accumulating gold and silver at non-price setting venues? It could work ... The Differential Lag theory explained. Is HSBC depressing comex price while accumulating gold and silver at non-price setting venues? It could work ... The Differential Lag theory explained. MICHAEL LYNCH ON GOLD & SILVER · Is the silver dump over? I’ll hold final judgement until first notice on the upcoming July contract, an active month. That will confirm or deny my suspicion.
Many times I have wondered out loud what the silver market would do without this huge dump of physical. This last week of trading may be a preview of things to come.
Hey wake up, you missed something….Fetch….
https://freerepublic.com/focus/f-chat/4321708/posts
“ Back in 2024, Martin Armstrong warned at his World Economic Conference that Trump’s return would start strong… but meet engineered resistance would arrive shortly thereafter. He didn’t just predict civil unrest — he predicted a blueprint for it. That forecast — along with dozens of others — is documented in The World According to Martin Armstrong: Conversations with the Master Forecaster. If you haven’t read it, now’s the time. The playbook is unfolding in real-time.…”
“Back in 2024, Martin Armstrong warned at his World Economic Conference that Trump’s return would start strong… but meet engineered resistance would arrive shortly thereafter. He didn’t just predict civil unrest — he predicted a blueprint for it. “
LOL!
July 2024 he predicted US cIvil unrest/WAR to happen just before the 2024 elections.
November 2024 he predicted a US civil war would happen the week of Trump’s inauguration with the US breaking up into four new countries in 2026.
December 2024 he said via Socrates that the 2024 elections would be the last in the US.
January 2025 he predicted US civil unrest on May 7.
I’m not too big on silver. Just too hard to manage sizable enough quantities to really see sufficient gains. I mean yeah, if you have a shed in the back yard or an unused shipping container... otherwise your best bet is to stick with gold. Great gains, although it is now getting pretty hard to stack it outside of fractions.
In larger quanties, silver is tougher to physically deal with.
I use a depository in that case.
Why is that? Ounces and bullion bars are easy enough to stack.
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