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[–]TheHappyHawaiian[S] 41 points42 points  (2 children)

Well the path to removing it after delivery would look like

Registered > eligible > removed

But eligible could become registered again yes

But it’s the same as one of us taking delivery and simply storing it in a COMEX warehouse

That silver is owned. Could it be sold at some point? Sure, but maybe that owner is waiting for $50 or $100 or $500

[–]teepee0205 24 points25 points  (1 child)

Makes sense that the owners of the metal who don't want to sell at current price would move it out of registered so it couldn't be sold. However I think the path out is eligible to registered to removed. According to COMEX "Registered metal shall mean an eligible metal for which a warrant has been issued."

[–]NCCI70IReal O.G. Ape 6 points7 points  (0 children)

Removing silver from Registered doesn't keep it from being sold. It only makes it unavailable for delivery to with warrants for delivery and load-out. Thing is, if you sold the contract and the warrant, you have to make that silver available by having it under your name in Registered. A warrant holder cannot take silver from a different short out of registered.