Market Curiosity: Exploring Markets And Systems

April 23, 2011

First notice day of May silver is in 5 trading days yet open interest of silver just ROSE 5.5% to 49,418

Filed under: Just Watching — Tags: , — Jeff Fitzmyers @ 12:47 am

That’s 247 million ozs. There is less than 36 million ounces available for delivery.

Ed Steer suggests the one day 12,340 contract rise is a record.

If I have it right, many will think that the naked shorts are piling in to make a big dip. And that might very well be true, if they still had the upper hand. Another view is the naked shorts heavily sold most of the last 24 trading hours and price STILL rose $2. Important numbers for future rises: 53, 66, 105, moon, pluto, Proxima Centauri.

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