While May OI plays chicken with first notice day, the demand side of this story is getting LOUD. James Anderson, head of research at SD Bullion (which shares ownership with SilverTrade, so weigh accordingly), joined the SilverTrade Insider with numbers that should make every silver watcher sit up.
China: a RECORD 771 tonnes imported in March. Hong Kong: another 759. Call it 1,500 tonnes, “almost 50 million ounces, in just a matter of a month or so” (8:04). Shanghai’s vaults, which had drained below 20 million ounces, rebuilt to roughly 35 million by airtime (8:24). Somebody in the East is NOT waiting for lower prices.
Then Anderson swings for the fences. His 1970-to-now study of where silver would trade without COMEX pricing: “Had COMEX never existed, it would be around $375 right now… I think 375 is like my floor” (27:09). Understand what that is: a model’s argument about suppression, not a price promise. But pair it with the ground truth that miners pull just 7-9 ounces of silver per ounce of gold (13:55), and the “brink” question in our headline stops sounding hypothetical.
We track the delivery numbers above daily. The full Anderson interview is below.
SILVER TO $350-$500? MICHAEL OLIVER’S NOT BULLISH ENOUGH!
INVESTMENT DEMAND WILL DRIVE SILVER TO 4 FIGURES & INTO A MANIA!!
