Government Silver Sales Have Totally Dried Up… WHY?

Jon Government

Before the turn of the century, Central Banks sold a record 97 million oz of silver into the market in 1999. This was great deal of silver as it accounted for 17% of total global mine supply that year. Over the next 14 years, Central Banks continued to sell a substantial amount of silver to supplement the market.
However, silver supply from Central Banks has totally dried up over the past three years….. Why? Well, the answer is quite simple when we understand the data. Central Banks silver stock piles have dwindled considerably over the past decade and a half.
According to the data in the recently released 2017 World Silver Survey, Central Bank silver sales were estimated to be a big fat zero for 2014, 2015 and 2016.

This post was published at SRSrocco Report on MAY 26, 2017.