Silver market posts record surplus; what COMEX, LBMA inventories really show – Phil Newman


Phil Newman, managing director of Metals Focus, discusses the balance of silver from 2020, and what fundamentals mean for the demand and supply equations in 2021 and beyond.

0:00 – Silver market surplus
5:40 – Retail demand
9:10 – Silver short squeeze
14:26 – Silver manipulation
15:38 – Silver ETFs
18:49 – Silver balance for 2021

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