726 Garage :: SILVER

Silver Falls

Massive 23000 contracts sold today

Silver CME Stock Snapshot, February 24th, 2017

So today saw some 23,000 contracts sold in a matter of minutes. Representing over 115,000,000 ounces of silver. Fun fact: there are presently only 31,000,000 ounces of registered silver in the CME system.

CME Excel File

SQL Query against CFTC Silver Report Data

Accessing CFTC silver data with SQL SELECT

One commodity that stands out in terms of the data is silver. Grouping the CFTC COT reports by the year of the REPORT_DATE and averaging the OPEN_INTEREST for each year's reports is instructive.

Conclusion: CMX Silver open interest is on a multi-year sustained climb.

Simple Chart of Open Interest over time

Open Interest on the move

Here is what the current 228,000 contracts of open interest looks like on our 7 year chart.

Any questions?


Massive 12000 contracts added to open interest this week

Silver COT Report, February 21st, 2017

Insanity. 60 million ounces of paper silver were added to the market in the last week.

CFTC Combined Report


Nearly 2000 contracts added this week

Silver COT Report, February 14th, 2017

Looks like all-time highs in open interest could be in the cards. At 214,400 contracts, 10 million ounces of paper silver were added to the market in the last week.


Open Interest reaching for new heights in 2017

Silver COT Report, February 7th, 2017

If we look at the open interest in this silver contract over time, we can see it has been growing in a near-linear fashion for the last decade.

Therefore it is not entirely surprising that open interest of 212,440 contracts in February 2017 is presently higher than any other year's average open interest.