Vince Lanci: Where is the COMEX & ETF silver going? (Part 2/2)

Arcadia Economics, Released on 10/10/22

For Part 1 of this interview, CLICK HERE

On Friday the latest LBMA vault holdings were released, and they showed another significant withdrawal from the silver inventory. Which raises the question of where is all of this silver going? So in today’s call, in addition to explaining how the silver EFP (exchange for physical mechanism) works, Vince talks about the recent silver inventory draw-downs, and share his thoughts on what’s happening to all of the silver. He mentions the history of significantly large buyers in the market, how the banks have responded, and whether that could be the case again here. Vince also talks about the possibility of a gold re-monetization, and how that would impact silver. And especially with the recent actions out of Russia and the BRICS, where there has been growing talk about a currency backed by a basket of commodities, it’s a possibility that’s a lot less difficult to imagine than it may have been in the past.

Vince Lanci is Managing Partner at Echobay Partners LLC. Vince founded Echobay after a profitable career running CiS Options and Berard Capital. The firm is a vehicle for expressing his and “friends and family” personal investment ideas. Echobay also consults on market structure, risk management, and legal cases involving fraud in markets. Vince is also a regular contribute to ZeroHedge.com

Chris Marcus worked 2 years at bond rating agency Moody’s, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia’s Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin, Investing.com, and several others.

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