Loading ...Open interest is definitely low enough … signaling the bankers are covering their shorts and don’t intend to step in front of it anymore … just like 2010/2011.
Metals Daily Exchange Volume & Open Interest – CME Group
And look at that … another 230 deliveries yesterday … 230 x 5000 = 1.15 million ounces out the door for the manipulators … bring the total this month so far to a record ~ 14k contracts ~ 70 million ounces. (notice gold continues to hit records too) This is 10% of annual production in a market with a chronic deficit problem already.
The physical gold rush continues although activity is driven by banks.
Once the Fed starts easing more aggressively again the market will notice and one morning you will indeed wake up to a soaring silver price for no apparent reason (unless you are looking a bit closer).
Cheers mate