Sprott confirms delivery of Silver Today, Sprott confirmed the delivery of his silver. His new inventory is an astonishing 32.8 million oz of silver in pure bar form. This silver is located at Scotia at 40 King st W Toronto. All bar numbers and weights will be listed once the custodian of the trust confirms the entry. This silver was without a doubt purchased directly from mining operations throughout the world. Thus, physical silver was prevented from entering the comex.
Demand for silver by the mints of the USA and Canada far exceed each countries' production. The mints must import silver. The comex needs to find silver to satisfy its longs. India, a large importer of 16 million oz of silver must also find supplies.
(courtesy Sprott/yahoo and special thanks to a reader who supplied the post to me) Sprott Physical Silver Trust confirms final delivery of silver bullion purchases"
"The Trust has now successfully received physical delivery of the silver bars purchased through the follow-on offering. The Trust's silver holdings now total approximately 32,878,296 silver ounces in bullion bar form. The silver bars are currently being processed into inventory by the custodian of the Trust. Once the inventory process has been completed, a list of all bars held by the Trust will be published on its website: www.sprottphysicalsilver.com. "
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