Silver Futures Activity Predicting Explosion In Silver Prices

I discuss the silver futures market, and the signs that 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

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I own physical silver.

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