🚨 MAJOR ALERT IN SILVER🚨
Former Bullion Banker Robert Gottlieb warns something MAJOR is brewing in the silver market:
Former Bullion Banker Robert Gottlieb warns something MAJOR is brewing in the silver market:
🔥“Something is clearly brewing in the #silver market & this is no longer just about positioning.
Â
As I highlighted earlier today and over the past few sessions, we’ve seen massive open interest in SLV options being taken out as prices move higher.
That alone can drive a move.
Â
👉 But what’s happening now goes beyond that.
Look at the EFP - this is where it gets serious
July Silver EFP was ~40 cents just a few days ago
Traded as high as 85 cents today
Settled around 74 cents mid
👉 That’s >6% yield to July CME
Now compare that to:
OTC forwards ~2% (2-month tenor)
Down ~1% on the day
👉 We now have a >400bps dislocation between EFP and OTC
This is NOT normal!
As most of you know, I’m not an alarmist but when structure breaks like this, it usually means:
Something bigger is happening beneath the surface
What could this mean?
Potential flow reversal back into CME warehouses
Continued short covering / positioning stress Or something macro / structural not yet fully visible
And don’t forget positioning… ~150k contracts in SLV calls (June $80-85 strikes)
That’s just ETF options - excludes OTC options
👉 If these continue to get triggered, the move can accelerate quickly
Bottom line
Price action + positioning + EFP dislocation are now all pointing in the same direction
👉 When that happens in silver… it tends to move fast
My take If this dynamic continues,
👉 a test of $90 silver is not out of the question in the near term
Question for the market:
👉 Is this just positioning being forced…
or are we on the front edge of something much bigger?
Views are my own, for informational and educational purposes only, and not investment advice.”
Look at the EFP - this is where it gets serious
July Silver EFP was ~40 cents just a few days ago
Traded as high as 85 cents today
Settled around 74 cents mid
👉 That’s >6% yield to July CME
Now compare that to:
OTC forwards ~2% (2-month tenor)
Down ~1% on the day
👉 We now have a >400bps dislocation between EFP and OTC
This is NOT normal!
As most of you know, I’m not an alarmist but when structure breaks like this, it usually means:
Something bigger is happening beneath the surface
What could this mean?
Potential flow reversal back into CME warehouses
Continued short covering / positioning stress Or something macro / structural not yet fully visible
And don’t forget positioning… ~150k contracts in SLV calls (June $80-85 strikes)
That’s just ETF options - excludes OTC options
👉 If these continue to get triggered, the move can accelerate quickly
Bottom line
Price action + positioning + EFP dislocation are now all pointing in the same direction
👉 When that happens in silver… it tends to move fast
My take If this dynamic continues,
👉 a test of $90 silver is not out of the question in the near term
Question for the market:
👉 Is this just positioning being forced…
or are we on the front edge of something much bigger?
Views are my own, for informational and educational purposes only, and not investment advice.”
