this is from adrian douglas, a board member of gata. while five days do not make a month, it is nice to see that more than 8 million ounces of silver have been moved out of the registered category:

...there may be a program purchasing and delivery schedule of some big entity on the silver side from COMEX. You may well be right. It could be that the amount being taken each day is the maximum that the COMEX warehouses can physically handle being limited by available secure trucks, time and manpower to load them.

In the last few days these were the withdrawals

4/1 Net withdrawal 2.193Mozs….. 1.2 Mozs from Dealers inventory 0.993 Mozs from Customers inventory

4/2 Net withdrawal 2.18Mozs ….. 1.2 Mozs from Dealers inventory 0.981 Mozs from Customers inventory

4/3 Net withdrawal 2.02Mozs…. 2.1 Mozs from Dealers inventory 0.094 Mozs added to Customers inventory

4/6 Net withdrawal 1.6Mozs …… 2.09 Mozs from Dealers inventory 0.496 Mozs added to Customers inventory

EVEN MORE STUNNING! Today April 7 we had yet another 2 Million oz withdrawal day from the COMEX warehouses. The breakdown is as follows:

SILVER

1656332 ozs withdrawn from the dealer’s inventory.
495,057 ozs withdrawn from the customer inventory
Total dealer inventory 63,314,243 Mozs
Total customer inventory 52,287,283 Mozs
Combined Total 115,601,526 MOZ

The drawdown in silver has no been running at 2 million ozs each day for 5 straight days. This MASSIVE demand is of course totally coherent with the price of silver being trashed recently (cough, cough!)