from Silver Doctors:
In silver, the open interest fell by a small 823 contracts with yesterday’s rise in price of $0.02. Looks like some of the shorts are vacating the arena.
For the past year, we have been witnessing massive liquidation of contracts despite the fact that it cost nothing to roll. This makes no sense and it smacks of cash settlements which are totally illegal.
Since I have been following comex data, I have never witnessed such a massive liquidation in both gold and silver.
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