Loading ...A sharp rise in Comex Gold Open Interest (OI) of 6500+ contracts (April Contract) was witnessed yesterday to go along with the sharp decline in price suggestive of further future delivery demand both presently and next month. (Tether?)
Gold Futures Volume & Open Interest – CME Group
For silver … despite an increase in OI as well … the numbers were muted compared to gold (13,700+ total) … which is to be expected given geopolitical conditions at present. The bid in silver will pick up once things begin to settle down and expectations of rebuilding arrive.
Looks like the totality of the Kabuki is being used for official physical accumulation at the moment.
Have a nice day.