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Bullion Banks' Silver Positions 2020

The lack of transparency in bullion banks' silver positions and the inferences made from publicly available data such as exchange and vault inventories, lease-rate movements, and supply/demand research.

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Jan 28, 2026
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What public data exist on bullion banks’ physical silver inventories and their lease exposures?

The publicly available record on is patchwork: exchange and vault inventories, industry aggregates, lease‑rate movements and research are reported openly, but granular bank‑by‑bank physical inventorie...