CME futures over $19 for SEPT contracts
Registered deliveries are UP
Supply is DOWN
HOW?
Silver open interest on the COMEX is exploding.
Data shows that longs are asking for over 69 million ounces of real physical delivery on the July contract.
July 13th data alone shows that an additional 1.1 million ounces of silver were moved from 'eligible' to 'registered' category, the latter of which is used for settlement of contracts.
COMEX data is giving us about the direction of silver prices.
How open interest has exploded in a very small market
How the contracts standing for delivery of 69 million ounces for July dwarf previous data
How JPMorgan (NYSE:JPM) moved over 30 million ounces from 'eligible' to 'registered' at COMEX to meet what appears to be settlement of short positions in real physical metal
How July 13's daily report shows that an additional million ounces, net of market, were moved into the registered category
Registered deliveries are UP
Supply is DOWN
HOW?
Silver open interest on the COMEX is exploding.
Data shows that longs are asking for over 69 million ounces of real physical delivery on the July contract.
July 13th data alone shows that an additional 1.1 million ounces of silver were moved from 'eligible' to 'registered' category, the latter of which is used for settlement of contracts.
COMEX data is giving us about the direction of silver prices.
How open interest has exploded in a very small market
How the contracts standing for delivery of 69 million ounces for July dwarf previous data
How JPMorgan (NYSE:JPM) moved over 30 million ounces from 'eligible' to 'registered' at COMEX to meet what appears to be settlement of short positions in real physical metal
How July 13's daily report shows that an additional million ounces, net of market, were moved into the registered category