MAY COMEX SILVER OI STILL AT 134 MILLION OZ WITH ONLY 2 DAYS REMAINING UNTIL FIRST NOTICE DAY⚠️
May silver Open Interest declined by only 3,868 contracts Friday, closing at 26,748 contracts.
July – which will become the front month for silver later this week- increased by 1,573 to 63,681 contracts.
While pressure is certainly increasing on COMEX silver inventory, we expect a large amount of May silver open interest to roll to the July contract today & tomorrow.
Another delivery month of 50-60 million ounces of silver removed from registered vaults however could bring CRIMEX to the BRINK:
SILVER TO 4 FIGURES? ETF DEMAND WILL DRIVE SILVER INTO A MANIA! -James Anderson
