Thereseems to be some unusual Silver Contracts activity on the Comex this month
Comex Silver Deliveries this month to date already stand at 9,930 contracts equatingto an impressive 49.6 million oz
https://www.cmegroup.com/delivery_reports/MetalsIssuesAndStopsMTDReport.pdf
Using Silver Open Interest data over the past week ...
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
I reconstructed an alternative view which highlights the daily increase of MARCH contracts since the start of this comex calendar month.
(My Feb 25th and Feb 28th data is incomplete so I estimated these values based simply on Delivery Numbers)
What appears strikingly different this delivery month compared to other months is that each day there are further NEW Contracts added seemingly standing for delivery - ie in the table below, the volumes highlighted in green are the additionalNEW contracts added each session during the past 6 sessions.
Are the bullion banks becoming increasingly nervous about the equivalent of an "LME Nickel Pricing" moment ?? ......
It might be a bit too early to call with any certainty, as over the course of the next two weeks or so, normal trading may resume
... but I am cautiously optimistic, that "The Times They Are A Changin"
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Thereseems to be some unusual Silver Contracts activity on the...
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