We anticipated that Open Interest in the May silver contract would decline significantly this week, ahead of the expiration of the May26 contract which goes off the board tomorrow.
That certainly began in full force yesterday, as OI in the May26 contract declined -8,764 yesterday, to close at 17,984.
What is shocking however, is that the majority of those contracts DID NOT roll to either of the next 2 Front Months (July + Sept) – as the July contract saw an increase of only +2,628, and the Sept contract only added +459 for a net 3,087 contracts.
This means that ONLY 35% OF THOSE CLOSING OUT MAY26 SILVER CONTRACTS ROLLED FORWARD!
65% SIMPLY WALKED AWAY FROM THE COMEX CASINO!!!
submitted by /u/Paperscamisreal
[link] [comments]
Leave a Reply