Silver Shift Shows Defensive Bent

The Street reported on the drop in the amount of registered silver on the market.

The market news is quoted as saying:

Since the beginning of 2011, the amount of registered silver has fallen almost 38% with a steep drop coming in mid April. Registered silver now stands at 28.7 million ounces as of June 8th while eligible silver has risen 23% to 72 million ounces.

To read the full market news, click here.