from Silver Doctors:
In silver, the open interest rose by another 2926 contracts as Tuesday’s silver price was up by 12 cents. The total silver OI continues to remain extremely high with today’s reading at 181,633 contracts rising to multi-year record highs. The front April month has an OI of 173 contracts for a gain of 1 contract. We are now at multi year high in the total OI complex despite a record low price. This dichotomy has been happening now for quite a while and defies logic. There is no doubt that the silver situation is scaring our bankers to no end.
We had 150 notices served upon for 750,000 oz.
In gold, the total comex gold OI rests tonight at 397,379 for a loss of 1139 contracts with gold up by $9.40 yesterday. We had 54 notices served upon for 5400 oz.
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