comex silver march contracts rolled forward

The open interest for COMEX March contracts hit record levels in Jan/Feb of this year. There were some 50,000 or so 5000 ounce contracts. Everyone was thinking that there may have been a demand for physical in March which would have stretched the COMEX as they only have about 50 million ounces of physical in reserve. The bulk of these contracts have been rolled forward to May as seen in the link below.

http://www.cmegroup.com/trading/metals/precious/silver_quotes_settlements_futures.html

However about 4200 contracts are up for settlement in March. This is about 20 million ounces of silver. This figure of 4200 is a very high number regardless and is above the average. Would be nice to see the bulk of these 4200 contracts demand delivery and press the COMEX.

On another matter,

John at StellaConcepts gives a very interesting interview linked below which was taken only days ago. He interviews a bullion dealer and who states that basically demand cannot be met. Also the big money is coming in. The bullion dealer states he is getting record high contracts (1-2 million) for silver. He also states that silver is number one for interest and not gold. Very interesting interview which is linked below,

http://www.youtube.com/watch?v=XlpPdLIxjaQ

Silver lease rates still very very strong,



from,

http://www.kitcosilver.com/