JANUARY SILVER OPEN INTEREST JUMPS 1 M+ oz WITH 5 DELIVERY DAYS LEFT 🚨
⚡️With only 5 trading days remaining in January, the Open Interest in the January Silver Contract suddenly DOUBLED Thursday.
January silver futures OI increased by 223 contracts (1.115 M oz) on the day, with OI closing at 493 contracts.
🔥With January going off the board in only a week, all 493 contracts are likely preparing to stand for immediate delivery in January- which will drain another ~2.5 M oz from COMEX Silver inventories.
With silver taking out significant psychological resistance at $100 convincingly to the upside today (trading as high as $101.64 at the time of writing)- FOMO (fear of missing out) will likely trigger an EXPLOSION of new demand coming into the market.
Add to this the fact that massive retail buybacks are likely to decline substantially now that silver has crossed $100, and the long-anticipated silver supply squeeze is becoming increasingly more likely.
Outside of 2 weeks in October, silver’s move from $30 to $100 has occurred absent of a supply squeeze.
Supplies have been tight, but silver has not YET TO THIS POINT experienced an outright PANIC amongst industrial users of silver.
We suspect that day may be quickly approaching.
As always, we recommend NEVER USING MARGIN.
Silver is going to RIP FACES OFF IN BOTH DIRECTIONS in the days and weeks to come.
Extreme volatility is going to trigger oscillating shifts between greed & outright panic.
Silver investors need to prepare mentally.
In the meantime, it’s time to celebrate!
Silver has hit prices many stackers never thought they would actually witness in their lifetimes after enduring decades of price suppression and manipulation by the bullion banksters.
Take the family out to a nice restaurant, give back to those in need, and enjoy your families this weekend.
The Future for Silver is NOW.
The Best is Yet to Come!!
