Loading ...“However, the volume of silver ounces transferred daily increased 18.4% to 203.2 million. The corresponding value transferred rose 16.5% to $3.57 billion. The number of daily transfers rose by 8.2% to 924, with the clearers settling on average 219,799 ounces per transfer, up of 29% compared to the previous month.”
So how does volume and transfers increase – and prices decrease – unless the transfer’s are all sellers of phyzz? In that case, if every trader was looking to unload phyzz, shouldn’t the price be much lower? How many daily transfers were settled in cash?
Farmboy, please stop hurting what’s left of my brain!
