Loading ...We lost 11k open interest in Comex silver yesterday and it should keep dropping fast here as the gamblers are forced to liquidate.
But as mentioned the other day, if history is a good guide (it is), it should take about 6 months (September) for the shares to finally bottom.
There will be bounces, but it’s not hard to figure the summer doldrums could be particularly bad this year unless they unleash aggressive helicopter money for all — not just themselves.
Cheers