Yesterday we noticed that the front month May COMEX Silver contract had begun rolling forward to the July & September contracts – a sign that normalcy was returning to COMEX silver.
That process continued Thursday, as another 4,028 contracts rolled from May to July.
May silver OI is now down to 61,519, while July has risen to 37,818 after gaining 4,647 contracts Thursday.
Total OI has risen for 4 consecutive days now after making multi-decade lows in the wake of silver’s correction to $61.
OI closed at 116,483 Thursday, after bottoming March 20th at 111,607.
Expect silver’s COMEX OI number to increase quickly once silver places a WEEKLY CLOSE back above $82-$84, as speculators begin to rush back into the silver market they had left for dead in the wake of the Feb-March 50% price correction.
“I RECOMMEND YOU PANIC – EVERYTHING IS BURNING!” Durrett warns our lifestyle is about to get RUG PULLED, & ONLY GOLD, SILVER, & the MINING SHARES WILL PROTECT YOU FROM WHAT’S COMING!
