Silver Drained From Exchanges | https://www.themorganreport.com
The Fed pause was a “trial balloon,” says David Morgan, founder of The Morgan Report. He expects the Fed to continue to hike rates, because higher interest rates make the U.S. dollar desirable as a reserve currency. Regardless of where the Fed sets rates, he expects metals to move higher. COMEX registered inventory of silver is less than 30 million ounces. “The physical market on the COMEX is being drained,” he says.
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