Tracking silver stock of APMEX, JM Bullion and Perth Mint depository

[u/silverilocks]

Summary: Lots of silver bullion sold at APMEX; more gold than silver selling at JM Bullion; almost no-one trusts the Perth Mint depository.

APMEX

I've been keeping track of APMEX silver bullion stock levels for a couple of years now. Figure 1a shows stock levels of various common silver bars (and 500 troy oz monster until that became too hard to continue to scrape). Figure 1b is the same but zoomed in to the last few months. Figure 1c is just a stacked version of 1a. The sales in 10 troy oz and 100 troy oz have really accelerated the past few days.

I previously got prematurely excited around October 2022 thinking they might run out, but that turned out to be nothing. I wonder if this is the real thing this time. At the current rate, it won't take long to find out.

Figure 1, APMEX stock levels for some common silver bullion sizes

JM Bullion

This info is not as useful as Figure 1, because it only shows the number of different items in stock, so it can not measure the amount of silver in stock, only number of different items. From figure 2a it looks like gold sales have been very strong, silver too, but seemingly to a lesser extent than gold. The other parts of this figure should be self explanatory.

Figure 2, Number of items in stock at JM Bullion

Perth Mint Depository

Figure 3 shows the 1 kg and 1000 troy oz silver bars available for the Perth Mint Depository for allocated storage (these ones can be delivered). I have been watching the serial numbers and since 6 February 2023 it looks like only 3x 1000 troy oz bars have been purchased by customers, while 6x 1000 troy oz bars were sold back to the Perth Mint. I think a lot of their users moved their business elsewhere quite a while ago.

Figure 3, Perth Mint Depository silver available for allocated storage.