iou silverCOMEX silver futures traded an all-time daily record of 376,301 contracts today, surpassing the previous record of 319,204 contracts set on April 26th, 2011.   The volume traded in the front month of March alone was a record setting 354,295 contracts!

To put the number in perspective, 376,301 contracts represents 1.88 billion ounces of paper silver, or approximately 2.5 years of the entire global silver mine production!

The 1.88 billion ounces of paper silver traded Tuesday amounts to 902 days of global silver production!!

1.88 billion ounces of paper silver dumped on the market in one day, and all Blythe could induce was a mere .50 decline in the price of silver.

*Updated 9am 2/20: CME has scrubbed the data, now reporting only 97,975 contracts traded yesterday

 

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From the CME:

 

Month Open High Low Last Change Settle Estimated
Volume
Prior Day
Open Interest
FEB 13 30.040 30.045 29.450A - -.426 29.413 8 74
MAR 13 29.810 30.150 29.175 - -.427 29.422 354,295 50,588
APR 13 30.175 30.175 29.290 - -.427 29.448 260 128
MAY 13 29.840 30.200 29.245 - -.427 29.482 18,554 40,874
JLY 13 30.200 30.200 29.300 - -.426 29.533 1,862 10,090
SEP 13 30.220 30.220 29.460 - -.425 29.577 358 7,971
DEC 13 30.320 30.330 29.425 - -.424 29.637 822 23,267
JAN 14 - - - - -.424 29.652 - 24
MAR 14 30.390 30.390 30.155 - -.425 29.683 16 2,030
MAY 14 - - - - -.425 29.709 - 957
JLY 14 29.950 29.950 29.950 - -.424 29.736 3 4,992
SEP 14 - - - - -.423 29.757 - 223
DEC 14 30.360 30.440 29.670 - -.423 29.792 110 6,616
JLY 15 - - - - -.423 29.805 - 2,961
DEC 15 30.330 30.460 30.130A - -.424 29.806 4 2,607
JLY 16 - - - - -.424 29.804 - 286
DEC 16 - - - - -.424 29.803 - 643
JLY 17 - - - - -.424 29.770 - 839
DEC 17 30.440 30.440 30.000 - -.424 29.700 9 34
Total 376,301 155,204

Last Updated 02/19/2013 06:00 PM

 

and this morning’s update:

Daily Settlements for Silver Future Futures (FINAL)Trade Date: 02/19/2013
Month Open High Low Last Change Settle Estimated
Volume
Prior Day
Open Interest
FEB 13 30.040 30.045 29.450A - -.426 29.413 58 74
MAR 13 29.810 30.150 29.175 - -.427 29.422 75,821 50,588
APR 13 30.175 30.175 29.290 - -.427 29.448 110 128
MAY 13 29.840 30.200 29.245 - -.427 29.482 18,582 40,874
JLY 13 30.200 30.200 29.300 - -.426 29.533 1,862 10,090
SEP 13 30.220 30.220 29.460 - -.425 29.577 402 7,971
DEC 13 30.320 30.330 29.425 - -.424 29.637 822 23,267
JAN 14 - - - - -.424 29.652 - 24
MAR 14 30.390 30.390 30.155 - -.425 29.683 49 2,030
MAY 14 - - - - -.425 29.709 9 957
JLY 14 29.950 29.950 29.950 - -.424 29.736 42 4,992
SEP 14 - - - - -.423 29.757 20 223
DEC 14 30.360 30.440 29.670 - -.423 29.792 185 6,616
JLY 15 - - - - -.423 29.805 - 2,961
DEC 15 30.330 30.460 30.130A - -.424 29.806 4 2,607
JLY 16 - - - - -.424 29.804 - 286
DEC 16 - - - - -.424 29.803 - 643
JLY 17 - - - - -.424 29.770 - 839
DEC 17 30.440 30.440 30.000 - -.424 29.700 9 34
Total 97,975 155,204

Last Updated 02/19/2013 10:31 PM

 

 

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  1. The CME changed the data.  Maybe they thought the 1.9 Billion ounces was ridiculous.  This is a fake market.  A government rig.
     

    MonthOpenHighLowLastChangeSettleEstimated
    VolumePrior Day
    Open Interest

    FEB 13
    30.040
    30.045
    29.450A
    -
    -.426
    29.413
    58
    74

    MAR 13
    29.810
    30.150
    29.175
    -
    -.427
    29.422
    75,821
    50,588

    APR 13
    30.175
    30.175
    29.290
    -
    -.427
    29.448
    110
    128

    MAY 13
    29.840
    30.200
    29.245
    -
    -.427
    29.482
    18,582
    40,874

    JLY 13
    30.200
    30.200
    29.300
    -
    -.426
    29.533
    1,862
    10,090

    SEP 13
    30.220
    30.220
    29.460
    -
    -.425
    29.577
    402
    7,971

    DEC 13
    30.320
    30.330
    29.425
    -
    -.424
    29.637
    822
    23,267

    JAN 14
    -
    -
    -
    -
    -.424
    29.652
    -
    24

    MAR 14
    30.390
    30.390
    30.155
    -
    -.425
    29.683
    49
    2,030

    MAY 14
    -
    -
    -
    -
    -.425
    29.709
    9
    957

    JLY 14
    29.950
    29.950
    29.950
    -
    -.424
    29.736
    42
    4,992

    SEP 14
    -
    -
    -
    -
    -.423
    29.757
    20
    223

    DEC 14
    30.360
    30.440
    29.670
    -
    -.423
    29.792
    185
    6,616

    JLY 15
    -
    -
    -
    -
    -.423
    29.805
    -
    2,961

    DEC 15
    30.330
    30.460
    30.130A
    -
    -.424
    29.806
    4
    2,607

    JLY 16
    -
    -
    -
    -
    -.424
    29.804
    -
    286

    DEC 16
    -
    -
    -
    -
    -.424
    29.803
    -
    643

    JLY 17
    -
    -
    -
    -
    -.424
    29.770
    -
    839

    DEC 17
    30.440
    30.440
    30.000
    -
    -.424
    29.700
    9
    34

    Total
     
     
     
     
     
     
    97,975
    155,204

  2. This COMEX volume is as ridiculous as the QE IV.  $85 billion in one month and it accomplished nothing.  They are pretty close to the same dollar volume and effect.  Actually, QE is far more damaging to our financial health.  The shorts are just laughable

    • I find it interesting that march 2013 is the only massive change they ended up making.   There are other small revisions, but no massive ones like March. These systems are automated, there is no reason to revise estimated volumes… actual volumes get published later….

      Since the original data as at 6:00 pm, this means it was final pre-clearing…. hmm
      I guess the latest # of 97,975 total is the final post clearing…. still massive.

  3. This is so stupid. A commoditiy trading without the commoditiy. It could be bricks or pebbles for all it matters. Commoditiy market should be all about PHYSICAL DELIVERY and not about some paper speculation. I still am surpirised how come the producers sell at these paper prices. They could easily make a silver cartel (OPEC) and fuck the banksters in the a** big time.

  4. I came across this very interesting document which is a memorandum of discussion of an FOMC meeting from November 1967 . They are discussing pressures being experienced in the London Gold Market (the Gold Pool) due to devaluation of the pound. The British Pound was under severe pressure at the time leading to a surge in demand for gold. In 1968 the Gold Pool collapsed.

    http://chasvoice.blogspot.com.au/2013/02/explosive-banker-gold-price-suppression.html

    Today the pound is again under severe pressure and rumours are abounding of a devaluation of the pound. Demand for gold in England is increasing as people try to protect themselves just as they have in Japan following the 20% currency devaluation of the yen.
     

  5. Needless to Say:
    All part of “DOING GOD’S WORK”
                                                    “Doing God’s Work”
                                                                                                   “Doing God’s Work”
                                                                                                                                                 doing god’s work
     
     
    .
     
     

  6. To sell the paper equivalent to 2 1/2 years of Ag in one day kind of gives one a clue as to how bad things really are. NO BANK ANYWHERE could afford it, no matter how big. We are talking about close to 100 billion Federal Plantation Scripts. Only a government with a printing press would even think it. The bill to rob the people will be billed and sent to the people. Crimes so vast the world has never seen anything like it. They bring us death and destruction and most people will love them for it.

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