HSBC Transfers 329,000 Ounces of Silver into JPM Vaults Wednesday

Friday, April 20, 2012
By Paul Martin

Yesterday we advised readers that JP Morgan had reported a nearly impossible exactly 720,000.000 ounce physical silver deposit into eligible vaults, which in reality was likely merely a paper deposit.

Our friends in JP must be a hurtin for the phyzz, as today’s COMEX warehouse update reveals a 329,000 ounce silver transfer from HSBC to JP Morgan vaults was completed Wednesday.
And by silver transfer, we mean several sticky notes likely changed locations.


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