Chris Cassidy (@christophercassidy)

So, some things in today's PM reports that seem a little strange, a little off if you will, in light of Friday's clobbering of the silver price by about a third. 1. BlackRock's open-end fund $SLV, vaulted solely by JP Morgan, somehow is listed as adding a whopping 32 million ounces of silver & creating 36 million new shares - all on a day that Ag went from $121 to $74 an oz. 🤔 2. Sprott's closed-end fund $PSLV which stores fully allocated, unencumbered silver at it's vault, but allows shareholders to redeem their units for silver (under certain circumstances) sees it's first redemption in well over a year as over 3.4 million units & over 1.1 million oz were redeemed out of its vault. Thing is though, in order to redeem shares you have to inform Sprott by the 15th of the month so as to get the silver at the end of the month. Good timing, huh? 🤔🤔 3. JP Morgan's platinum and palladium vaults were raided on Monday's report with 50,000 oz (>20% of its stack) & 15,000 oz (almost 50% of its stack) removed from the JP Morgan vault. With Pt & Pl prices dropping that day also, that's a mighty big bite taken out of there heading for parts unknown. 🤔🤔🤔