Largest COMEX Silver Closeout in 20+ Years! -JB Slear

silver_all_data_o_usdToday is the last full trading day for May Silver contracts and the Open Interest is still at 576 contracts (2,880,000 ounces), this still the largest closeout amount of contracts I recall seeing in the past 20+ years…

 

Silver Eagle SD Bullion

 

Submitted by JB Slear:

Ending the heavy Silver demands of the May contracts

 

Today is the last full trading day for May Silver contracts and the Open Interest is still at 576 contracts (2,880,000 ounces), this still the largest closeout amount of contracts I recall seeing in the past 20+ years.

Tomorrow, the May contracts will be closed out with June being the next deliverable month and its OI is at 599 contracts.  June is not a big deliverable month but in contrast it shows how big the closing numbers are for May.  

One day this physical demand will matter,  my hope is we’re at the end of their game and we enter into our multi-year precious metals rally we’ve all been expecting based on solid facts and without the contortions of central bank data .

Remember, the past is history, tomorrow’s a mystery, but today is a gift, that’s why it’s called the present ….. Stay Long and Be Strong!!

P.S., this chart is still the best Cup and Handle Formation Ever!!

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Buy Silver Coins and Bars at SDBullion

JB Slear

Fort Wealth Trading Co LLC.

866-443-0868 Ext 104

817-717-5489

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www.FortWealth.com   

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