Silver inventories at COMEX and Shanghai Exchange hit multi-year lows. What does it mean for silver prices?
Silver inventories on the Commodity Exchange, Inc. (COMEX) and the Shanghai Futures Exchange (SHFE) have declined sharply, reflecting sustained drawdowns across key global trading hubs. Total COMEX silver inventories as of February 26 fell to 360.64 million ounces, a drop of 1.21 million ounces, or 0.33% from the previous day. This is a sharp fall…