London's vaults are deteriorating with fewer silver holdings.

In the last month, silver holdings in London fell sharply, reaching nearly 26,500 tonnes, with a fall of about 2%, as the value of the holdings stabilized to $ 16 billion, which is equivalent to 880,000 silver bars, and this
According to the data of the London Bullion Market Association (LBMA), which confirmed that this amount of silver in vaults is the lowest since the start of statistics for nearly six years.

The problem of this decline is due to the rising demand for the physical metal, especially in the main markets of the United States and Germany.

Not forgetting the demand from India as October imports were large and partly contributed to the decline in inventories.

In another statistic, the amount of gold kept in London's vaults fell to the order of 9,300 tons, a decrease by 1.5% from September. The total amount of gold acquired from it reached nearly 500 billion dollars, which is equivalent to 740,000 gold bars.

Studying silver holdings data from London it can be said that silver is in a good position for some rally in prices.

The decline of stocks is not entirely related to silver because it is a metallic phenomenon. This situation is an economic shortage, but given the size of silver with the relative lack of liquidity against other base metals, this constitutes a better situation for the bullish momentum.

Silver hit a high of more than four months with Comex silver futures for December trading above $21.5 as extensive short coverage in futures markets and perceived bargains in the cash markets contributed to the recovery in the value of gold and silver.